Listing ID: 76098
Dreaming of owning a picturesque, creekside Mountain Inn, Wedding Venue, or Family Retreat? Here it is! Steel Horse Inn is a well established family destination nestled in the beautiful Colorado mountains just 35 minutes south of the historic town of Salida. With its 6 charming Guest Rooms, 6 Full-Hookup RV Sites, 60’ X 40’ Rustic Barn, and commercial style Guest Kitchen, Steel Horse Inn has it all. Whether you wish to preside over a quaint creekside Mountain Inn, a booming rustic Barn Wedding Venue, or just keep it for yourself and your family, Steel Horse Inn could be exactly what you’ve always wished for. As the lion share of its business, Steel Horse Inn has become a favorite overnight Wedding place. Its two night Weekend Wedding Package offers Bridal Parties the opportunity to experience the destination Wedding of their dreams. The exceptional mountain scenery serves as a backdrop to the secluded ceremony site while the rustic elegance of the Barn captures the mood for the perfect Barn Wedding reception. For the Innkeeper, the newly renovated Guest Rooms are all decorated with a warm and cozy feel, while all 6 RV Sites are equipped with new utilities and Pedestals. The 1,800 soft Innkeeper’s living quarters includes a large living room/dining area, large kitchen, two bedrooms, and one bathroom. Located just 5 miles up the road you will find a large network of off- road Jeep and ATV trails that will satisfy any adventure seeking outdoor enthusiast on your guest list. If it’s Family Retreats you’re after, Steel Horse Inn could be that private family getaway you’ve been looking for. Beautifully set on 17.5 acres, with 500’ of creek, and surrounded by gorgeous mountain views, imagine yourself here at Steel Horse Inn. The calendar year 2022 is already completely booked so those contracts could be transfered to the new buyer.
- Asking Price: $1,385,000
- Cash Flow: N/A
- Gross Revenue: $120,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2018
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:6,560
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
See attached inclusions and equipment list (Home Based)
current owners are will to train potential buyers.
There is a great demand as this business is booked at a minimum of one year in advance.
This business is currently being run as a wedding venue only in summer months. Business and income could be extended year around by renting rooms and campsites.
This Business Is Home Based
The business was founded in 2018, making the business 4 years old.
The company has 2 employees and resides in a building with estimated square footage of 6,560 sq ft.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals decide to sell businesses. However, the true reason vs the one they say to you might be 2 completely different things. As an example, they may state "I have way too many various responsibilities" or "I am retiring". For many sellers, these reasons stand. However, for some, these might simply be excuses to try to hide the reality of changing demographics, increased competition, recent decrease in revenues, or an array of various other factors. This is why it is really important that you not count entirely on a vendor's word, however rather, utilize the seller's answer along with your general due diligence. This will repaint a much more sensible picture of the business's existing scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your offer. Lots of companies borrow money in order to cover points like stock, payroll, accounts payable, etc. Keep in mind that in some cases this can suggest that profit margins are too tight. Numerous companies fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future obligations to consider. There might be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with vendors that must be fulfilled or might result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the location bring in brand-new clients? Many times, businesses have repeat consumers, which develop the core of their daily earnings. Particular variables such as brand-new competition sprouting up around the area, road building, as well as staff turn over can affect repeat customers and adversely influence future earnings. One crucial thing to take into consideration is the location of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Undoubtedly, the more individuals that see the business often, the higher the opportunity to build a returning customer base. A final idea is the basic area demographics. Is the business placed in a densely inhabited city, or is it located on the outskirts of town? Just how might the neighborhood typical family earnings impact future earnings prospects?