Listing ID: 82612
Nestled between the Crazies, Castle, and Little Belt Mountains in the darling town of Martinsdale, MT stands The Crazy Mountain Inn Bed & Breakfast. The Crazy Mountain B&B stands out in iconic fashion, a 5,418 square foot structure on 0.230 acres with additional acreage used for garden and storage totaling .351 acres and brimming with history. This turn of the century style building has stood as a hub of the community for over a hundred years and currently offers 11 of its 13 guest rooms to tourists, hunters, fisherman, and the like. There’s also a celebrated café, full kitchen, and beer and wine cabaret license.
The Inn not only serves the local ranching community, tour groups, RV road trippers, and hunters from across the region, it also attracts history buffs to the Charles M. Bair Family Museum, from Bozeman, Livingston, Helena and Great Falls, each about an hour away.
- Asking Price: $375,000
- Cash Flow: $13,121
- Gross Revenue: $77,769
- EBITDA: N/A
- FF&E: $20,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 1901
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:5,418
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
Built in 1901, the Inn building itself consists of an approximately 5,418 square foot building on 0.115 acres with additional land used for an outdoor gathering place and garden space (total of ~0.351 acres, 7 city lots). Included in the price are all the necessary furnishing and fixtures for the business plus a beer and wine license.
Will train for 6 weeks @ $4,500. A new owner should bring a passion for inn-keeping and local history, which will build upon the Crazy Mountain Inn's reputation as a destination and make it appealing for diners and guests for years to come. Own a piece of history!
Retirement and to pursue other interests.
There are no other inns within 50 miles of Martinsdale and the only direct competitors are some local campsites that cater to the tourists, hunters and fishermen that come into the area.
The Crazy Mountain Inn has consistently provided hunters a warm night inside and fed families delicious meals despite the changes that have occurred in Meagher County over the years. The current owners’ pending retirement provides an incredible opportunity for the Crazy Mountain Inn to be re-imagined to attract new customers to experience small-town, western hospitality.
The company was founded in 1901, making the business 121 years old.
The company has 1 FT employees and resides in a building with approx. square footage of 5,418 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 factor vs the one they tell you might be 2 absolutely different things. For instance, they may say "I have too many various commitments" or "I am retiring". For lots of sellers, these factors stand. But also, for some, these may simply be justifications to try to hide the reality of transforming demographics, increased competition, recent reduction in revenues, or an array of various other factors. This is why it is really important that you not rely completely on a seller's word, but rather, utilize the vendor's solution in conjunction with your general due diligence. This will repaint a much more practical picture of the business's present scenario.
Existing Debts and Future Obligations
If the existing business is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Many companies borrow money so as to cover things like inventory, payroll, accounts payable, etc. Keep in mind that sometimes this can mean that revenue margins are too tight. Many organisations fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future commitments to take into consideration. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with suppliers that have to be fulfilled or may lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the area bring in new consumers? Often times, businesses have repeat consumers, which form the core of their everyday revenues. Certain elements such as brand-new competitors growing up around the location, road building and construction, as well as staff turn over can impact repeat clients and negatively impact future earnings. One important thing to take into consideration is the location of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Certainly, the more people that see the business regularly, the higher the opportunity to construct a returning consumer base. A final thought is the general 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 average family earnings effect future earnings potential?