29431 Highway 160 South Fork, CO 81154

Business Opportunities Residence

Beds

9 Baths

10,000 Sq. Ft.

1.1 Acre Lot

Property Activity

Time on Site

days

Days on Market

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Last updated on 9/22/2024 1:14 AM

Listing Details

Vibrant, successful, historic, 15 room Bed & Breakfast / Hotel with 24 seat dining room, and fully renovated commercial kitchen near Wolf Creek Ski area in the sunny, Southern Colorado Mountains! 360-degree mountain views, fully furnished, turn-key with great guest reviews. Open year-round with tw...o very strong peak seasons - summer tourist season and winter ski season. 18% Cap Rate and 3.28 GRM. This property is nicely maintained, and up and running, fully functioning, comfortable and SOLD OUT most nights in June, July, August, September, December, and March! Average yearly gross revenue for the last four years is $390,000 providing a comfortable salary PLUS full living quarters, utilities and much, much more for the owners or on-site manager. Net operating income is $145,000 per year. There are 4 Jacuzzi Suites in the historic B&B, plus a separate building with 8 hotel rooms, and two 500 sq ft apartments. There is one small cabin, and 11 RV sites with full hookups. All rooms, apartments and cabins have Direct TV and fast, reliable Wi-Fi. New indoor hot tub with renovated decking and new electrical and plumbing. The dining room has been used as a full-service restaurant before and could be used that way again. Or, this commercial space could be leased out or repurposed in any way you choose! All appliances, inventory, and antiques are owned (not leased) and are included with the sale, (save a few personal items.) Many, many upgrades have been made to this property to ensure it runs smoothly and is LOVED by guests and employees alike. The owner's quarters is 2,000 square feet, 3 bedrooms, 1 bath with a private entrance, private laundry, private yard and wood-burning stove. An innkeeper's couple currently lives on site and manages many of the day to day duties of the property including housekeeping, front desk and reservations. This large, efficient B&B has a solid client base, hundreds of return guests each year, and is set up for a smooth transition in ownership. The current owners will include several weeks of training for the new owners if desired. Please take a moment to look at the virtual tours and videos. They give a great feel for the property. The current owners have 16 years of personal experience owning and operating the property, and have solid financial paperwork including P&Ls and tax returns. They are flexible and motivated to sell. Continue reading

MLS#

772068

Property Type

Business Opportunities

Bathrooms

9 Full

Year Built

1926

Square Feet

10,000 sq. ft

Price per Sq. Ft.

$134.50