Listing ID: 76554
UNDER CONTRACT — UNDER CONTRACT — UNDER CONTRACT
Glenwood Canyon Resort is nestled in the heart of the Colorado Rockies less than an hour from Aspen, one hour from Vail, and a couple hours from Denver. The resort is highly visible to the steady stream of locals and tourists passing by on I-70.
Glenwood Canyon Resort provides guests of all ages an opportunity to soak up the beautiful Colorado outdoors via a variety of accommodation offerings, including Cabins, Cottages, Glamping, RV sites, and Tent Sites. With the river nearby, guests can spend their days fishing, rafting, kayaking, or just relaxing and enjoying the beautiful Rocky Mountains. There is also a zipline and aerial course on-site. Friends and family can book and celebrate weddings and other special events at the resort’s Canyon Club Event Center and the No Name Bar & Grill.
This is an ideal purchase for a seasoned outdoor resort operator looking to capitalize on an established and thriving business in the heart of Colorado, or for a current real estate investor looking to expand their footprint with a profitable operation in this picturesque Rocky Mountain playground. A proven tourist destination for decades, this resort property is well positioned to continue delivering strong financial results for the long-term.
Glenwood Canyon RV Resort delivers over 50% NOI and averages an annualized occupancy of 30%. Each 1% of annual occupancy adds approximately $50,000 to the top-line. An owner with multiple parks who can leverage their customer network to increase occupancy throughout the year can realize tremendous upside. The price for this opportunity is based on a 7% Cap Rate on existing operations.
Contact us, register, and sign the NDA to receive our confidential Offering Summary on this extraordinary opportunity!
- Asking Price: $14,700,000
- Cash Flow: $1,151,342
- Gross Revenue: $1,979,419
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
• Land: ~44 Acres of prime land with ~1,000 feet of riverfront along the Colorado River • Canyon Club & Event Center: Approx. 7,863 sq. ft. • No Name Bar & Grill and outdoor terrace 5,894 sq. ft. • Main office, retail store, and on-site employee housing 3,380 sq. ft. • Upper bath house with laundry, restrooms, & shower 1,280 sq. ft. • Lower bath house with restrooms & shower 868 sq. ft. • Two Storage Buildings; 200 sq. ft. and 168 sq. ft. • Boathouse 960 sq. ft. • 4-tower zipline course with over 800 ft. of ziplines that pass over the Colorado River twice • Aerial adventure course and climbing wall with 5 exciting elements • 14 Resort Cabins • 8 Cottages • 2 Canyon Club Suites • 2 Family Cabins • 4 Riverfront Camper Cabins • 10 Off-River Camper Cabins • 4 Glamping Sites • 9 Riverfront Tent Sites • 3 Off-River Tent Sites • 4 Group Tent Sites • 26 RV Sites w/ Full Hook-ups • 15 RV Riverfront Sites w/ W&E • 8 RV/Tent Sites with W&E • Waste water treatment plant (rated for 40k gal/day; peak season runs at 10k gal/day with current ~110 units)
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals choose to sell businesses. However, the genuine reason vs the one they tell you might be 2 totally different things. For instance, they may claim "I have too many other commitments" or "I am retiring". For many sellers, these factors stand. But also, for some, these might simply be excuses to try to conceal the reality of changing demographics, increased competitors, current reduction in profits, or a range of various other reasons. This is why it is extremely vital that you not depend totally on a vendor's word, but instead, utilize the vendor's answer together with your general due diligence. This will repaint a much more realistic picture of the business's existing situation.
Existing Debts and Future Obligations
If the existing company is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your offer. Lots of operating businesses borrow money in order to cover points such as inventory, payroll, accounts payable, and so on. Keep in mind that sometimes this can suggest that earnings margins are too thin. Lots of organisations fall into a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may additionally be future obligations to consider. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with suppliers that should be met or may lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area bring in new consumers? Most times, businesses have repeat clients, which develop the core of their everyday revenues. Certain variables such as brand-new competitors growing up around the area, roadway building and construction, and also staff turnover can affect repeat consumers as well as negatively influence future profits. One vital point to consider is the location of the business. Is it in a very trafficked shopping mall, or is it hidden from the highway? Certainly, the more people that see the business often, the higher the opportunity to construct a returning customer base. A final idea is the basic area demographics. Is the business situated in a densely inhabited city, or is it situated on the outskirts of town? Just how might the local median household earnings influence future earnings prospects?