Edd
Well-known member
Over the years unofficial estimates I've heard have often put the Cat's ticket sales below smaller, less impressive mountains.
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So what you're saying is Wildcat has been pretty dead all winter? Those numbers seem ridiculously small...500k for F&B....really???
I feel like I should go up there and buy a sympathy ticket or something.
Wildcat has always been pretty quiet. Those numbers are from previous years. This years drops are relative to those.
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According to their marketing manager, they had over 100,000 paid skier visits during the 2009/2010 season. He does not mention if that has ever been duplicated. (see: http://www.linkedin.com/in/thomasprindle )
Some comparisons for the 2009/2010 year:
Cannon: 103,387
Waterville Valley: 169,830
Mad River Glen: 74,658
It's interesting to see that they were neck and neck with Cannon. Both are farther north than the majority of areas in their region. Both are susceptible to wind and cold.
yeggous - do you have recent skier visit numbers for Bretton Woods and Cranmore?
It sounds like Peak as a whole is going to be in huge financial hole before next winter even gets here. They'll have to sell off something just to pay their debt.
What was the first year under Peak? 2010?
I used to go to Wildcat at least 3 or 4 times a year before they were bought because they had some really good deals. I've only been twice since they were bought because a lot of the desks have gone away. I'll grant that the past year or two has been better than the first couple, but still, I can't be the only one.
Pulled the 2011-2012 non-winter numbers too. Wildcat 90,00, cranmore 117,351, Bretton Woods 155,600, Attitash 150,000.
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You know, when you look at those numbers, Wildcat probably has the potential to be the most profitable percentage wise of those areas during the ski season. They have vastly less infrastructure, snowmaking expenditures and the staff required to operate everything.
I don't have this year's numbers but can give you a general sense based on previous years. They have about 77k skier visits per year and $2.9M in revenue.
Lift tickets and season passes combined are about $1.9M at Wildcat. Of that, roughly 25-30% is season passes. Food and beverage is about $500k and retail is about $200k, which combined net about $500k (not counting labor) since their material costs are $200k. Rentals about $100k. Lessons about $300k. Their labor budget is $1.2M. Utilities costs are about $600k. Property taxes are $200k. They have $4.4M in outstanding debt at a rate of 4% (which is much less than the 10+% rate of Peak's other debt) which works out to $27,300 per month.
I am hoping Cranmore will buy it????
I would not bet on that. Although Cranmore and Wildcat would make an interesting pass.
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