Business For Sale

Beautiful Historic Hotel/Tavern/Bread & Breakfast

Cripple Creek, CO
Teller County


Asking Price: Annual Revenue:
$790,000 $178,828

Services: Hotel, Motel, Lodging


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RE: Beautiful Historic Hotel/Tavern/Bread & Breakfast Broker: Kathie Bluejacket
License #: EA 040030955

Quick Facts

Asking Price: $790,000
Annual Revenue: $178,828
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1898
Employees: 4
BBN Listing #: 67255014
Broker Reference #: 9965662

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Business Overview:

The hotel was originally built in 1898 and then elegantly restored in 1995 yet kept the turn of the century theme. The hotel has served as one of the most exceptional hospitality venues in the city, and as a gorgeous destination hotel located in the Rocky Mountains. There are many amenities such as the sauna, deck-top jacuzzi and the Boiler Room Tavern which locals enjoy year round.
This business listing at 215K is a combination listing with MLS 3659252 property listed by Antonio Mestas 719-505-4360 for 575K.

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Property Features and Assets:

The Hotel is celebrating it's 110th birthday. It was originally built as a hospital for gold prospectors and miners who flocked to the town of Cripple Creek, Colorado. The Hotel St Nicholas is listed on the National Historic Register, and offers a panoramic view of the Sangre de Cristo Mountains and downtown Cripple Creek. It is located just two blocks from Cripple Creek casinos and historic attractions. Guests may relax in the in-door dry sauna or retreat to one of the 15 elegant rooms. All rooms capture the atmosphere of turn-of-the-century Cripple Creek, and all of the rooms have one thing in common -nostalgia for a romantic time gone by. Another amenity is the convenient town shuttle to Cripple Creek casinos. The Hotel's main floor features the Boiler Room Tavern, which periodically features live music.

Market Competition and Expansion:

This is a historic destination hotel with no competition.

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.

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