ctenidae
Active member
I'd rather look at a place with a better chance of snow.
I do have a few thoughts about Maple Valley- most likely both lifts need a total overhaul, the rental fleet is entirely unusable on the ski side, and barely, if at all, usable on the snowboard side. The lodge is in good structural shape, but needs some serious remodel activity. The water pumps are old, and of indeterminate condition. There are no snowcats, and the grooming rigs are rusted in place. There's no telling what condition the water lines are in, and there are only two fan guns. The broker's site says there are pre-existig non-confomring permits on water draw, licensing, and zoning, but God only knows how those would stand up.
On the upside, there's probably a lot of community support, and the demographics of the area are pretty good.
$1.75M, probably get it to $1.5M, plus $1M in upgrades/refits. Figure 4 revenue generating months for skiing, anything else is spotty and difficult to model. Tough deal, from a cash flow perspective.
It would be pretty cool, though. OF course, if you'd bought it last summer to open this winter, you'd be talking to a bankruptcy lawyer by now.
I do have a few thoughts about Maple Valley- most likely both lifts need a total overhaul, the rental fleet is entirely unusable on the ski side, and barely, if at all, usable on the snowboard side. The lodge is in good structural shape, but needs some serious remodel activity. The water pumps are old, and of indeterminate condition. There are no snowcats, and the grooming rigs are rusted in place. There's no telling what condition the water lines are in, and there are only two fan guns. The broker's site says there are pre-existig non-confomring permits on water draw, licensing, and zoning, but God only knows how those would stand up.
On the upside, there's probably a lot of community support, and the demographics of the area are pretty good.
$1.75M, probably get it to $1.5M, plus $1M in upgrades/refits. Figure 4 revenue generating months for skiing, anything else is spotty and difficult to model. Tough deal, from a cash flow perspective.
It would be pretty cool, though. OF course, if you'd bought it last summer to open this winter, you'd be talking to a bankruptcy lawyer by now.