Passively Owned Ski Shop & Resort
Prime Location in Major Resort Destination
In the ski and boarding industry, location is everything! Touted as the destination spot of the Adirondacks, this passively owned ski shop and resort is a popular destination boasting the tallest and steepest runs in the area. The area has hosted two Winter Olympics, and they have been selected to host the 2023 FISU World University Games.
The ski areas are enormously popular vacation spot for winter sports year after year, and the international recognition has led to heavy investments in the community. Customers regularly travel from all over the world just to visit! This ski and boarding shop capitalizes on this popularity, and works exclusively with walk-ins. They only spend about $80/month in advertising, and all of their business comes from referrals, word-of-mouth, and prime location.
This is a passive opportunity! The owners live out-of-state roughly 7 months out of the year. The management and staff handle day-to-day operations without requiring much owner oversight.
Growth Opportunities include:
- Increasing advertising;
- Increasing online presence to allow online purchasing and reservations;
- Adding bicycle and accessory sales/rentals during summer months; and
- Adding ATV or Moped rentals during summer months.
Ø Revenue: $2,091,654
Ø Cash Flow: $817,293
Ø Year Established: 1997
Ø Location: Lake Placid, NY
Ø Service Area: 50-mile Radius
Ø Services: description
Ø Employees: 6-9 Staff – 3 FT; 3-6 PT (varies seasonally)
Ø Reason for Selling: Retirement planning
Ø Seller Training Period: Available onsite for training up to 3 months. Consulting up to 2 full selling seasons.
- List Price: $2,900,000
· FYE 2021 Cash Flow: $817,871
*amounts may vary
Cash Flow Analysis
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Omaha, NE 68114
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