Business For Sale Listing 158381
Profitable Inn Near Rocky Mountain National Park
Status as of Jan-7-2009 at 05:59 PM: Active
Business Summary
Grand Lake Terrace Inn is a full service upscale restaurant and 4 guest room inn located in the heavily touristed town of Grand Lake, just 2.5 hours west of Denver. This is a well managed, mature business with huge repeat clientele.
The building consists of a dining/bar area, kitchen, and chef's quarters on the first floor. There is some limited basement storage, and a small outbuilding also used for storage. The second floor houses the guest rooms, tw of which are modestly sized. The third guest rooom is very spacious and the fourth is a two bedroom apartment which could be used as the owner's quarters, and is a light filled open floorplan with its own private outdoor patio/deck.
The business has been professionally evaluated, and the real estate has been appraised and valued accordingly.The restaurant is the business's main source of revenue, accounting for 85% of total revenues. Under the same ownership for the past 10 years, the inn has a resident chef. The owners are responsible for front of the house activities, and the restaurant enjoys a fine reputation and is one of the best dining options in Grand Lake.
The inn is located on the main street, just a block for the lakeshore. 2.5 hours west of Denver, Grand Lake is the deepest lake in Colorado, and is a terrific place for summer watersports. It is also just minutes from an entrance to Rocky Mountain National Park, Colorado's biggest tourist attraction, with more than 3 million visitors per year.
As an added bonus, the property is just 37 miles from the world class ski resort of Winter Park, making the Grand Lake Terrace inn the perfect domain for the water sports oriented outdoorsman, skier, chef!
Categories
Industry
Location
Financials
| Sales: |
Between $100 Thousand And $500 Thousand (330,000) |
| Profits: |
Between $100 Thousand and $500 Thousand (110,000) |
| Profit Type: |
Earnings Before Interest, Taxes & Depreciation (EBITDA) |
| Fiscal Year: |
2007 |
| Asking Price: |
Between $1 Million and $2.5 Million (1,170,000) |
