6 Room Vacation Rental & Single Restaurant Tenant

Glenwood Springs, CO
Garfield County

Located in downtown on Main Street


Asking Price: Annual Revenue:
$2,200,000 $1,200,000

Services: Real Estate


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RE: 6 Room Vacation Rental & Single Restaurant Tenant Broker: Robert Minor
License #: 1323252

Quick Facts

Asking Price: $2,200,000
Annual Revenue: $1,200,000
Net Profit: Not Disclosed
Cash Flow: $150,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2018
Employees: 10
BBN Listing #: 27161101
Broker Reference #: Not Disclosed

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Business Overview:

Building can be sold with restaurant or restaurant will lease back with one year term and one year option.

Recently remodeled (2019 and 2020), 6 room boutique hotel and restaurant/ grill. Opening in 2020 the business still had a busy year with over $1,000,000 in total revenue between the hotel and restaurant. Now successfully booking rooms at a high occupancy rate coupled with a very popular restaurant on the ground floor, this opportunity is a turn key operation. Hotel guests check in at the restaurant, (with ease) which eliminates a hotel from staff.

2020 Restaurant Gross Income - $784,000

Hotel Income - $98,284 Building Income from Restaurant Rent - $38,629

NOI - $150,000 estimate for 2021

2021 sales YTD up 58%

The Inn is a 130 year old building in downtown, right on main street! Built in 1892 the building has been in constant use on the first floor since its inception. It has been home to everything from general stores to gas stations and pool halls to restaurants. Upstairs used to be a boarding house and is rumored to have been a brothel. In mid 2017 the owners decided to transition from apartments back to a hotel/boarding house. Our hallways characterize the areas mining history. The hotel is close to skiing, hot springs, mountain parks and the Wilderness areas.

The area offers great food, world-class biking and hiking trails, golf, fishing, cave tours and more. Nearby guests can try skiing, snowmobiling, snowshoeing, zip lines, hot springs and more.

The Hotel is located above the Grill. It offers a full – service restaurant and sports bar.

Located minutes from one of the TOP 10 FUN PLACES in America!

Don’t hesitate on this great opportunity to own a great business and have the real estate security!

Contact: Business World Brokers, Inc.

Although this information is deemed reliable, it is not guaranteed by Business World Brokers, Inc.

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Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Relevant Links:

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