Listing ID: 76533
Business Overview
** UNDER CONTRACT **. UNDER CONTRACT **
As adventure seekers across the nation increasingly look for outdoor recreation with high social media appeal, the thrilling activities offered by this Colorado company are an ideal option to fill this ever-growing need.
This Colorado recreation business is visible and accessible to both locals and tourists and provides guests of all ages an opportunity to enjoy the open air and create lasting memories. Their highly experienced & knowledgeable team of experts provide guests an exciting and entertaining getaway in the beautiful mountains and rivers of Colorado.
Their operations are firmly established as a leader in the industry, and they draw in nearly 30,000 thrill seekers per year. With top-tier facilities already in place, this business is ready to continue to run profitably as-is, or the new owner(s) could take advantage of the undeveloped space for expansion into additional complimentary activities.
This is an ideal purchase for either a seasoned or budding entrepreneur looking to capitalize on an established and thriving recreation business in the heart of Colorado, or for a current adventure industry operator to expand their footprint with a profitable operation at a much-coveted Colorado location. Both the real estate and business are for sale.
Contact us, register, and sign our NDA to receive our confidential Offering Summary on this extraordinary opportunity!
Financial
- Asking Price: $5,445,000
- Cash Flow: $949,045
- Gross Revenue: $2,236,494
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: Yes
- Established: 2010
Detailed Information
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:6,100
- Lot Size:N/A
- Total Number of Employees:110
- Furniture, Fixtures and Equipment:N/A
• Approx. 15 acres of land • Approx. 6,100 square feet of facility space
Owner willing to stay and train new owner(s).
Owner looking to enjoy more time off to enjoy fruits of labor.
• Increase customer traffic with more staffing • Expand capacity on current base infrastructure • Increase Team Bonding events for companies, conventions, churches, and multi-state organized groups & athletic events • A restaurant / bar & grill could be constructed on site • Develop a sales strategy to form partnerships with local tourism and lodging facilities • Add kid-sized courses • Continue to expand online presence and social media activity • Expand off-season use of the property and facilities. (e.g. - Holiday Season with Santa and reindeer and other winter activities). Would require minimal year-round staff to maximize the current facilities
Additional Info
The venture was started in 2010, making the business 12 years old.
The company has 110 In-Season employees and is situated in a building with disclosed square footage of 6,100 sq ft.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals decide to sell businesses. However, the real reason and the one they say to you may be 2 totally different things. For instance, they may say "I have a lot of other obligations" or "I am retiring". For lots of sellers, these factors are valid. But, for some, these may simply be justifications to try to conceal the reality of changing demographics, increased competitors, current reduction in incomes, or a variety of other factors. This is why it is really important that you not count completely on a vendor's word, but instead, use the seller's answer in conjunction with your general due diligence. This will repaint a more practical image of the business's current scenario.
Existing Debts and Future Obligations
If the current business is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Many operating businesses borrow money so as to cover items like stock, payroll, accounts payable, and so on. Remember that in some cases this can indicate that earnings margins are too tight. Lots of businesses fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future obligations to think about. There might be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with vendors that need to be fulfilled or might result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location draw in new customers? Often times, businesses have repeat customers, which develop the core of their everyday profits. Specific aspects such as new competition sprouting up around the area, road construction, and employee turn over can impact repeat clients as well as negatively influence future profits. One essential thing to consider is the placement of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more individuals that see the business often, the greater the chance to build a returning customer base. A final idea is the general area demographics. Is the business located in a largely inhabited city, or is it located on the edge of town? How might the local median house income impact future revenue prospects?
