Services - Hotels & Other Lodging | Services - Amusement & Recreation

Asking Price	$3,500,000	Inventory
Gross Income	$750,000	Real Estate
Cash Flow	$343,000	Year Established	1950
FF&E	N/A	Employees	2 to 5

* included in the asking price

** not included in the asking price

This is a wonderful opportunity to live and work in one of Colorado's most beautiful areas. The business is stable and well managed, and represents a low risk opportunity for new owners. It is particularly well suited for buyers who enjoy the outdoors and the mountains. There is always abundant wildlife residing on the property, including elk and deer, and the resort is family oriented. Estes Park enjoys a full event calendar, festivals continue into the fall, and include Highlander gatherings. Best known for the elk bugling season, in October tourists flock here to see the elk herds rambling through town as they make their way down from the high altitudes of Rocky Mountain National Park. It is a sight to behold as these majestic animals virtually take over the town! Because Estes is easy traveling distance from Fort Collins and Denver, it's location is ideal for week-end visitors. The resort is open year round, and all of the cabins have fireplaces, making them attractive to winter visitors as well. The property is one of few hospitality opportunities in Colorado with a price supported by its income. The business will support 90% debt for qualified buyers, and there is sufficient net operating income, as well as housing, for two families to operate the resort. Real estate appreciation in Estes Park has been very consistent over the years and there is currently growth in the business and retail sectors. Using retirement dollars to set up an entrprenerial pension and invest in income producing real estate is a great way to diversify and control your destiny! Detailed financial information is available on the property and will be provided to interested parties who return our confidentiality agreement.

Facilities: There are 23 cabins, an activity center and two owners residences on 13 wooded acres in Estes Park. Adjacent to Rocky Mountain National Park, Colorado's #1 tourist attraction, the property has nearly 30,000 SF of buildings and improvements. The resort was developed in the 1950,s and has an established clientele.

Competition: The resort offers a stable revenue stream that has consistently provided a very nice income to its four owners. The Estes Park area is very heavily touristed, particularly during summer months and this resort offers a variety of lodging configurations that makes it attractive to visitors, particularly traveling families. The resort is approximately 1.5 hours from Denver and its airport, and less than an hour from Fort Collins. It is ideally situated adjacent to Rocky Mountain National Park, and is well maintained and managed.

Growth/Expansion: This is a mature and well managed business opportunity. Revenue increases could be anticipated to track the local market and Estes Park enjoys the highest ADR's in Colorado. The overall occupancy of the property is 46% year round, and nearly 90% during the summer months.

Financing: 10% seller carryback to qualifed buyers

Support/Training: Owners will provide training to buyers. Amount of time to be determined based upon Buyer's needs

Reason Selling: Owners retiring