Steamboat Lake Resort

Steamboat Lake Resort
q
A Rocky Mountain resort business on 12 acres with fully furnished
lodge and guest cabins for accommodating up to 50 people offering
abundance in guest services and recreation activities including
horseback riding, hiking, cross-country skiing, snowmobiling, ATV
tours, wilderness pack trips, fishing and hunting. The property also
has a 7,600 square foot Country Convenience Store with gasoline
and fuel sales, restaurant, deli and saloon catering to recreational
visitors as well as the local rural community. Steamboat Lake Resort is
located twenty-five miles north of Steamboat Springs and surrounded
by thousands of acres of national forest.
Colorado - Routt County - Steamboat Springs
1
Hahn’s Peak is a small mountain town 23 miles north of Steamboat
Springs. Steamboat Springs is approximately 150 miles northwest of
Denver and features two airports. Steamboat Springs Airport is located
between Steamboat Lake Resort and Steamboat Springs offering
private service, charter service, air ambulance and FBO. The Yampa
Valley Regional Airport (HDN) offers commercial flights and private
service and is located 22 miles from Steamboat Springs with direct
flights to Chicago, Dallas/Ft. Worth, Houston, Newark, Minneapolis and
Denver. Yampa Valley Regional Airport is host to four major airlines:
American, Continental, Northwest and United and commuter service is
provided year-round to and from Denver by United Express.
Steamboat Lake Area: Being located near the resort community of
Steamboat Springs is one of the many advantages of Steamboat
Lake Resort. This property is outside of the primary resort influence
of Steamboat Springs so one has the best of both worlds; privacy and
seclusion when desired but all the activities of a world class resort on
other occasions. The property includes an easement providing direct
and immediate access to the Routt National Forest and is only a few
miles west of the 159,000+ acre Mount Zirkel Wilderness. Mount Zirkel
Wilderness is one of the five originally designated Colorado wilderness
areas which runs along the Continental Divide for 36 miles and has
over 155 miles of trails and ranges in elevation from 7,000-12,000+
feet. There is equally as much national forest with several mountain
ranges and numerous rivers and high mountain lakes.
Steamboat Springs is one of the most popular resort towns in Colorado
and features all of the big city conveniences including hotels/resorts/
spas, restaurants, hospital and medical facilities, shopping, golf
courses, theater/festivals, and convention/meeting centers in a very
charming mountain environment. With five Nordic ski areas within a 30mile radius, in addition to back country trails within the 1,126,346 acres
of Routt National Forest, Steamboat Springs is considered the Nordic
center of the Rockies and is a recreation paradise providing endless
four-season enjoyment.
q
2
Location
Steamboat Springs, nestled in Colorado’s beautiful Yampa Valley, is a
truly remarkable community to live in. The town, with an elevation of
6,695 feet above sea level, received its name in the mid-1800’s when
fur trappers ventured over the Continental Divide and heard the gushing
sound of mineral springs, reminding them of the sound of steamboats.
Once a gold mining, coal mining and ranching community, winter and
summer tourism is now the mainstay of Steamboat’s thriving economy.
Though called Ski Town USA and known for its world-class skiing facilities,
Steamboat Springs was originally a summer resort. Visitors would come
in the summer months to take advantage of the many natural hot springs
and vast hunting and fishing opportunities. Today, summer activities
span the spectrum with two championship golf courses, indoor/outdoor
tennis center, endless biking, kayaking, hiking, snowmobiling, horseback
riding, flyfishing, whitewater rafting, tubing and so much more available
right from town.
With a current population just over 10,000 residents, Steamboat Springs
doubled its population over the past two decades but still retains its smalltown values and ambiance. The town lies against the western ridge of
the Continental Divide and is nearly surrounded by National Forest
and Wilderness area. The Yampa River, which begins in the Flat Tops
Wilderness, flows through downtown Steamboat Springs and eventually
meets the Green River in Dinosaur National Monument. Two ski areas,
four state parks, hot springs, lakes, rivers and endless trail systems cater
to a plethora of outdoors activities.
Steamboat Springs has an excellent public school system and several
private schools with reasonably sized classes. The local community
college offers opportunities for continuing education and two-year
Associate of Arts degrees. There are two elementary schools (K-5), one
middle school (6-8), one charter school (K-5) and one high school (9-12).
All offer the latest in educational materials and technology to serve the
best interests and development of local youth.
q
Steamboat Springs Overview
3
The Steamboat Lake Resort buildings consist of an integrated
complex of many Western style, top quality facilities that have been
consistently well maintained and improved. The main lodge contains
a restaurant seating 75 people with a commercial kitchen that was
expanded and remodeled in 2009. A convenience store was added
to main lodge in 2000. Upstairs in the main lodge building is an
owner’s or manager’s two bedroom, 1,200 sq. ft. apartment that was
remodeled in 2005.
The property offers several options for guest accommodations. There
are four single bedroom cabins with kitchens that contain 384 square
feet each as well as four larger two bedroom cabins with kitchens that
are each 870 square feet. In addition there are two 1,826 square feet
Bunk Houses with a total of twelve motel type rooms.
For the horse rental program, there is a nice, functional barn built in
1996 with additional improvements added in 1997, with associated
corrals, that holds the saddles and tack and serves as the operational
center for the approximately twenty-five head horseback riding
business.
Additional improvements include the beautiful, aesthetic pond
created in 2001 plus, on the more functional side of the domestic
water program, a brand new underground septic system that was
added in 2009.
q
4
Improvements
Steamboat Springs’ summers are mild, cool and dry with low
humidity. July is the hottest month with an average high of 82
degrees and low of 41 degrees. On average, Steamboat Springs
Ski Area receives 310 inches of snowfall annually and downtown
Steamboat Springs receives 173 inches of snow annually.
For the avid sportsman, the resort and surrounding forest/
wilderness has elk, mule deer, bear, and bobcat along with a variety
of raptors, waterfowl and other bird species. The property offers
year-round outdoor entertainment and recreation from hiking,
kayaking and horseback riding in the summer to snowmobiling,
snow-shoeing, cross-country and downhill skiing in the winter.
Steamboat Springs is less than 30 minutes from the resort offering
3,000 skiable acres of terrain, intense tree skiing, wide open
meadows, long bump runs and groomed cruisers. The glade area
of Sunshine and Storm Peaks are Steamboat’s particular claim to
fame with champagne powder skiing at its best.
q
Climate, Wildlife & Recreation
5
With invested, hands-on operators, annual revenue can be
expected to grow from approximately $1,500,000 to over
$2,000,000 that, with a total cost of goods sold of approximately
$500,000 and expenses of $750,000 per annum would yield a
profit of $250,000 (15%) to over $500,000 (35%) before any
reinvested capital.
q
6
Business Opportunity
Steamboat Lake Resort is offered
to qualified purchasers for
$999,000
Shown by appointment only, Broker cooperation invited.
For further information contact:
Steamboat Lake Resort ►
Carl Luppens at 303.394.1400
carl@rmabrokers.com
or
Ron Morris at 970.535.0881
ron@rmabrokers.com
Offering subject to errors, omissions, prior sale, change or withdrawal without notice. All information provided by Ranch Marketing
Associates or its respresentatives is intended only as a general guideline and has been obtained from sources deemed reliable,
however we cannot guarantee its accuracy. Prospective purchasers should independently verify all items of interest with their
own sources.
www.rmabrokers.com
ASPEN
DENVER
SHERIDAN
7