Historic Mountain Motel--Real Estate Included In The Asking Price

Not Disclosed, CO Not Disclosed

Asking Price: $1,700,000

Annual Revenue: $275,000

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RE: Historic Mountain Motel--Real Estate Included In The Asking Price
Contact: Kevin Brooks

Quick Facts

	Asking Price:	$1,700,000
	Annual Revenue:	$275,000
	Net Profit:	Not Disclosed
	Cash Flow:	$150,000
	Total Debt:	Not Disclosed
	FF&E:	$200,000
	Real Estate:	$1,250,000
	Year Established:	1949
	Employees:	1
	BBN Listing #:	SB-54018
	Broker Reference #:	WESTCO001-54018

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Business Overview:

This independently owned, owner operated boutique motel is located in a mountain community in South Central Colorado. This long standing motel has been successfully operating for more than 70 years. Year around tourist trade accounts for the major portion of the business income. Two historic cottages are a highlight of this 'motor-court' style motel and are part of the locations National Historic District. Renovations and upgrades have kept this motel updated, yet the historic ambiance and charm remain. It is located within walking distance to town, encompasses 1.6 acres (14 city lots) on an entire block. Accommodations include twelve 290 Sq. Ft.guest rooms, and two cottages with 350 Sq. Ft. each. The two cottages were completely remodeled in 2017, and 2021. The property also includes a two story building with a second story, 725 Sq. Ft. one bedroom living quarter. The lobby, laundry, storage, and one bathroom are located on the first floor. The lobby has ample room for a gift and snack store. Recreation is the primary reason for visiting the area. Seasonality does play a role in the success of the business, with 73% of its annual revenue being earned during the second and third quarters of each year. However, the motel is one of few that remain open year around to accommodate all visitors.

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Property Features and Assets:

LOBBY AND LIVING QUARTERS•1st story - lobby, storage, laundry, bathroom: 725 sq. ft•2nd story living quarters: 725 sq. ft. 1 Bedroom, kitchen , living, dining , bath, and balcony.•ShedMOTEL•Mechanical Room: 85 sq. ft.•12 guest rooms: 290 sq. ft. each; total = 3,480 sq. ft.•1880's cottage: 395 sq. ft. + 90 sq. ft. porch•1930's cottage: 350 sq. ft. + 80 sq. ft. porch

Market Competition and Expansion:

Several motels/lodges and a number of cabins and vacation rental properties are located in the area. The tourism trade is robust so competition is rarely a factor in renting the motel rooms as demand far exceeds supply in the high season. During winter accommodations dwindle among other lodging properties as they close due to the cold temperatures. This motel is one of a handful that remain open year around. Collaboration rather than competition exists amongst the open properties in winter.

Reason for Selling:

Owner is retiring.

Additional Details:

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

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