Ski & Snowboard Resort - Socal Favorite
Location California,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $1000000
Net Profit / Cash Flow $200000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1942
Number of Employees 10 - 19
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Training 2 weeks at 20 hours per week.
Reason for Sale Other business ventures.
Description This Southern California ski resort boasts a number of unmatched attributes for the buyer who seeks outdoor adventure and a lifestyle oriented business, while not having to move away from home as the resort is within a few hours from Los Angeles, Newport Beach, or Palm Springs. The mountain's grounds and equipment have just been completely renovated with refurbished chairs and lifts (that have been certified), manicured trails, a restaurant with a full kitchen and a beer and wine license, and an owners or general manager's cabin.
Asking Price $1,650,000.
The grounds lease for 1.5% of gross sales, on a 20 year lease - offering a buyer little downside risk. The ''lodge'' offers a fully operational kitchen and a beer and wine bar. All of the resortttA?s furniture, fixtures and equipment are included in the sale, such as the lifts, warming hut, cabin, grooming equipment and goodwill.
Due to the limited number of mountains that can be developed for skiing or snowboarding, the extremely high investment costs of such development, as well as the lengthy permitting and licensing process, there are significant barriers to entry for potential new competitors.
his association has yet to fully capitalize on its recent investments in overhauling the resort. New owners will seek to allow it to continue on its natural growth trajectory, while further promoting the resort to outdoor enthusiasts. Owners that seek to further develop the property may seek to explore adding back country skiing trails, and a snowboard park complete with half-pipes, jumps and obstacles or even heli-skiing or snowboarding. The buyers may also seek to explore upgrading the beer and wine license to a full liquor license, and utilizing the venue, its lifts and grounds as a summertime retreat destination, outdoor theater or concert hall, or a venue for any number of other complementary activities.
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