Listing ID: 82630
Business Overview
This is the ultimate tourist destination, just 5 miles from the north entrance to Yellowstone National Park! The unique, pristine property has 17 rooms and 3 oversized basement rooms with kitchen and bathroom that can be rented out monthly or seasonally, or it could be used as employee housing, if needed. This property has been upgraded and expanded every year since 2004 with additional rooms added in the last 2 years. The rooms are all gorgeous and offer guests that ultimate Montana/Yellowstone experience. The Inn offers varying room sizes, all with private baths, decor and exquisitely appointed with Montana-made furnishings. There is a separate space for offering guests breakfast. Just 5 minutes to Yellowstone Park and the quaint town of Gardiner MT. The whole area offers rivers, rafting, fishing, hunting, hiking, sight-seeing, horseback riding, ATVing, and so much more! Owner is licensed real estate agent in the State of Montana.
Financial
- Asking Price: $4,500,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 1994
Detailed Information
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:11,029
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
17 hotel rooms, 1 - 3 bedroom apartment/employee housing, breakfast facility (Home Based)
Pros - 5 miles to north entrance of Yellowstone National Park with over 800,000 visitors per year. Over 4 million folks visit the park every year.
Potential space for growth.
This Business Is Home Based
Additional Info
The business was founded in 1994, making the business 28 years old.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people resolve to sell operating businesses. However, the true factor vs the one they tell you may be 2 entirely different things. As an example, they may say "I have way too many other commitments" or "I am retiring". For many sellers, these reasons stand. But also, for some, these may just be justifications to try to conceal the reality of transforming demographics, increased competition, recent decrease in profits, or an array of various other factors. This is why it is very important that you not count totally on a seller's word, but instead, make use of the seller's response combined with your general due diligence. This will repaint a more reasonable picture of the business's existing situation.
Existing Debts and Future Obligations
If the current company is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your deal. Numerous operating businesses finance loans in order to cover points like stock, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can imply that revenue margins are too tight. Numerous businesses fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with suppliers that need to be satisfied or may cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the area bring in new customers? Many times, companies have repeat clients, which form the core of their everyday earnings. Particular aspects such as new competitors growing up around the area, road building, and also personnel turn over can influence repeat consumers as well as negatively affect future revenues. One crucial thing to take into consideration is the location of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Certainly, the more people that see the business on a regular basis, the greater the opportunity to construct a returning client base. A final idea is the basic location demographics. Is the business located in a largely populated city, or is it situated on the outside border of town? Just how might the neighborhood mean home income impact future earnings prospects?