Mountain Colorado Boutique Hotel with Restaurant

Glenwood Springs, CO
Garfield County


Asking Price: Annual Revenue:
$1,980,000 $1,000,000

Services: Hotel, Motel, Lodging


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RE: Mountain Colorado Boutique Hotel with Restaurant Broker: Robert Minor
License #: 1323252

Quick Facts

Asking Price: $1,980,000
Annual Revenue: $1,000,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2018
Employees: 10
BBN Listing #: 67931101
Broker Reference #: Not Disclosed

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Business Overview:

Recently remodeled (2019 and 2020), 5 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

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.

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.

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