Black Mountain, NH OPEN AGAIN more alive than ever

[skier0819285]

"Raking in millions off the top of other small ski areas". This monetary assumption is greatly exaggerated...

How so? Assume 100k unit sales at $350 each. (100k feels conservative). That’s $35M in revenue. $29.75M to the resorts. $5.25M to Indy. Plus the additional $1M they collect in useless RFID cards (100k x $10).

$6.25M in revenue annually. Expenses cannot be that high.

 

[urungus]

How so? Assume 100k unit sales at $350 each. (100k feels conservative). That’s $35M in revenue. $29.75M to the resorts. $5.25M to Indy. Plus the additional $1M they collect in useless RFID cards (100k x $10).

$6.25M in revenue annually. Expenses cannot be that high.

Why Indy Pass HQ Is Moving To New Hampshire

After initially planning to make New Hampshire's Black Mountain a Co-Op, the owner of Indy Pass is keeping it in their hands.

unofficialnetworks.com

According to above article, “more than 30 high-quality jobs” will be moving from Indy’s Colorado headquarters to New Hampshire, joining the Indy employees already there in the Black Mountain attic. So maybe 40 employees x average NH salary of $60,000 (from Google) = 2.4 million right there. Likely much higher as those are being touted as “high quality” jobs and tech industry salaries are higher than average. Then you have to add the cost of health care (national average is around $20k per employee x 40 employees = $800,000) and other benefits, replacing their laptops every couple years, etc.

100,000 RFID cards have to be manufactured and individually shipped to each customer along with other swag, they are not pure profit.

Then there’s sales and marketing expenses, advertising, computer equipment, providing a secure, heated and lighted place for 40 people to work, etc, etc, etc

 

[skier0819285]

Why Indy Pass HQ Is Moving To New Hampshire

After initially planning to make New Hampshire's Black Mountain a Co-Op, the owner of Indy Pass is keeping it in their hands.

unofficialnetworks.com

According to above article, “more than 30 high-quality jobs” will be moving from Indy’s Colorado headquarters to New Hampshire, joining the Indy employees already there in the Black Mountain attic. So maybe 40 employees x average NH salary of $60,000 (from Google) = 2.4 million right there. Likely much higher as those are being touted as “high quality” jobs and tech industry salaries are higher than average. Then you have to add the cost of health care (national average is around $20k per employee x 40 employees = $800,000) and other benefits, replacing their laptops every couple years, etc.

100,000 RFID cards have to be manufactured and individually shipped to each customer along with other swag, they are not pure profit.

Then there’s sales and marketing expenses, advertising, computer equipment, providing a secure, heated and lighted place for 40 people to work, etc, etc, etc

Id assume most of those employees are allocated to the Entebani side of the business. The point remains: millions are brought in off the backs of independent ski areas which now goes to fund the operations of one of their competitors in Black. It’s a mini NY state/ORDA situation.

 

[eatskisleep]

Indy has reduced payout to ski areas this year significantly. The question is just how much Indy revenue is being shared. They claim 85 percent, but no one can prove that. This is a bubbling issue and I think Indy is more vulnerable than people realize.

Also, if these “other investors” are anything other than other business vehicles Erik owns I’d be shocked.

I still think it is every skiers dream to have a guy willing to piss money into the wind and run a ski area with little financial regard. So ride that wave while you can. The amount of money currently being spent at Black is unsustainable but it’s nice now.

Where is your proof that Indy is paying less to ski areas? Do you run a ski area? Are you accusing Erik of Monty laundering and setting Up different corps to make it look like investors when there wasn’t? What insider info do you have? You always seem to be very negative about Black Mountain… just an observation, are you the Jackson police chief?

No way in hell 16 other people just put 250k out for a couple years for basically nothing. Calling bullshit on that one.

It’s a drop in the bucket for some people… just because it’s unimaginable for you doesn’t mean it is for them…

 

[eatskisleep]

This. It’s a house of cards. They simply administer a program. They have no assets (other than Black now). The tech isn’t even good. Anyone or any group could administer this program on behalf of these ski areas. Just a weird thing to be pushing others around or publicly demeaning your partner mountains that chose to leave the program when you’re in this position.

Good thing we live in the USA. Feel free to easily start and administer such a program. Best of luck in your endeavors.

 

[Newpylong]

Id assume most of those employees are allocated to the Entebani side of the business. The point remains: millions are brought in off the backs of independent ski areas which now goes to fund the operations of one of their competitors in Black. It’s a mini NY state/ORDA situation.

There are no Indy "competitors" to Black within 80 miles in any direction and closest ones (WV, Saddleback?) aren't really in the same category.

Cut your "assumption" of Indy sales in half. No one is raking in millions; on the contrary they are currently overspending their means.

 

[Smellytele]

There are no Indy "competitors" to Black within 80 miles in any direction and closest ones (WV, Saddleback?) aren't really in the same category.

Cut your "assumption" of Indy sales in half. No one is raking in millions; on the contrary they are currently overspending their means.

Mt Abram, BOM are closer.

 

[Edd]

Mt Abram, BOM are closer.

Sure, but Mt Abram is the nearest one at 50 miles away. Not very close.

 

[Zand]

Cannon is 48 miles

 

[Smellytele]

Sure, but Mt Abram is the nearest one at 50 miles away. Not very close.

Not that I think of them on the same level but Cannon is Indy and under 50 as well.

 

[jcw]

Having been a part of a turnaround in my career, I'm rooting for Black. The skiing community deserves operators who care. We are competitors -- and we are part of a larger community.

 

[doublediamond]

Black is not the only area that doesn't take letters. I know of one metro Boston area that doesn't either.

 

[doublediamond]

How are those new SMI a/w towers? Crazy number of them installed at Black.

 

[Edd]

Black is not the only area that doesn't take letters. I know of one metro Boston area that doesn't either.

They should, their employees would appreciate it.