Details
| Asking Price: |
$2,850,000 |
| Annual Sales: |
$4,825,000 |
| Cash Flow: |
$850,000 |
| Inventory (Included): | $285,000 |
| FF&E: | Included |
| Real Estate: | Leased |
| Employees: | Varies Seasonally |
| Location: | Colorado Ski Resorts |
| Reason For Sale: | Retirement |
Business Description
This offering is for a collection of four general retail stores located at the base areas of two of Colorado’s best-known and well respected ski resorts.
Throw out everything you believe about retail businesses, this package of shops uniquely avoids the pitfalls that many retail businesses must contend with, and benefits from key advantages not available to most retailers.
- It’s been successfully operating and innovating for 45 years.
- It sells to a captive customer market, predominantly foot traffic.
- Its customers are in a frame of mind to spend, there is no downward price pressure.
- The nature of the goods it sells and where they are sold makes it “Amazon Proof.”
- There are landlord-driven competition controls.
- Zero marketing or advertising required.
- It is intrinsically tied to Colorado’s massive ski and vacation juggernaut which is far less volatile than other cyclical industries.
On a business front, its performance speaks for itself.
- It generates excellent margins and profits.
- It had a modest Covid downturn, but has fully recovered and exceeded previous revenues and profits.
- It’s still growing, demonstrated by 6% average annual revenue growth over the past 5 years.
The business is owner-operated, and it is presumed the next owner will be actively involved as well. The owner can be likened to an executive general manager who also “gets his hands dirty.” He works full time (hours vary by season), and his primary roles include “managing the managers,” strategic operations, planning cash flow, buying strategies, and making budgets. A buyer should be prepared to immerse her/himself in the business, or bring in professional management with solid retail background.
This highly profitable business will be very transferable to a new owner with the right business experience and desire to succeed. Many members of the core staff have operating authority and demonstrate high levels of competence, but none would be expected to take on the full GM role.
Four preferred SBA lenders have submitted prequals, so there is solid funding available for qualified buyers. Excellent transfer support is available, but the retiring seller ultimately desires a complete exit.
According to the seller, these are the most important drivers for success:
- Understanding and managing cash flow and inventory levels.
- Maintaining excellent relationships with multiple suppliers.
- Training and retaining quality employees.
- Understanding customer needs and wants, and stocking products to match.
- Meeting the expectations of your ski resort landlords.
YES! The business has excellent assignable lease terms.
YES! The professionally-managed financials are squeaky clean and fully available.
YES! There are growth opportunities to take this business to the next level.
If you have the financial wherewithal, and would like to lead a highly profitable business that features a history of success, a bright future, and the chance to enjoy the finest that Colorado high country living has to offer, please contact us today!
Represented by Don Hobbs. Tell me more about this business.