Colorado Resort Liquor Store Opportunity For Sale

Business description

Located in the bustling Steamboat Springs Curve Plaza shopping center, this well laid out, 3,750 square foot liquor store has been positioned well to dominate the west Steamboat liquor market. Sandwiched between Ace Hardware, Steamboat’s local home improvement and commercial building center, and the highly successful Big House Burgers restaurant, this liquor store successfully augments its loyal customer base with impulse shoppers patronizing these businesses or one of the several other businesses of Curve Plaza. Additionally it is located at the intersection of US Highway 40 and Colorado Route 129, the funnel point for all summer traffic going to the north Routt County attractions of Steamboat Lake, Pearl Lake, and Hahns Peak Lake State Parks. As such, significant beer and ice business is captured from this clientele.

Property information

Real Estate:

Lease

Lease terms:

Percentage Rent: 5% of gross sales over $2m annually
Current Term: Expires June 26, 2018
Renewal Terms: 2 – 6 year options & 1 – 5 year option

Leasehold rent:

$11 per sq ft per annum

Location:

Location: Arctic Liquours conducts business in the Yampa Valley, located in the heart of the Rocky Mountains of Northwestern Colorado; 160 miles from Denver via Interstate 70 and US 40.

Elevations: Downtown Steamboat Springs: 6,695’ Steamboat Ski Area Base: 6,900’, Summit 10,568’

Geography: Steamboat Springs lies against the western ridge of the Continental Divide and is nearly surrounded by National Forest and Wilderness Areas. The Yampa River, which begins in the Flat Tops Wilderness, flows through downtown Steamboat Springs on its way to its confluence with the Green River in Dinosaur National Monument. Steamboat Springs and it’s surrounds are an outdoor lover’s paradise.

Residents enjoy unlimited opportunities for mountain biking, road biking, kayaking, hiking, hunting, alpine skiing, Nordic skiing, back-country skiing, fly fishing, lake fishing, water skiing, snowmobiling, trail running, birding, golfing, or just relaxing in nature.

Complementing it’s outdoor offerings, Steamboat Springs offers cultural attractions such as Strings in the Mountains Music Festival, Summer Concert Series, Music on the Mountain, Guest Lecture Series, the Buddy Werner Memorial Library and more.

Climate: Steamboat Springs summers are mild, cool and dry. July is the hottest month with an average high of 82 degrees and a low of 41 degrees. Low humidity and a higher elevation combine to make summer comfortable and pleasing. While not lacking for snow — Buffalo Pass, just 10 miles north of town, traditionally records the second greatest snowfall in the Sate of Colorado each winter — Steamboat’s winters are generally mild and sunny. While in Januarytemperatures can dip into negative territory, generally daytime highs are in the mid-30’s to low-40’s throughout much of the winter. The Steamboat Ski Area’s abundance of light, fluffy snowfall has obtained the nickname of “Champaign Powder.”

Access: Yampa Valley Regional Airport (HDN) is located 22 miles west of Steamboat Springs. Several daily flights from Denver service this airport year round, while during the winter months daily direct flights are available from Chicago, Dallas, Atlanta, Minneapolis, Newark and Salt Lake City. Bob Adams airfield in Steamboat Springs is a first class, up to date facility for private aviation.

Premises details:

Base Rent: $3,347.50 per month, triple net
Percentage Rent: 5% of gross sales over $2m annually
Current Term: Expires June 26, 2018
Renewal Terms: 2 – 6 year options & 1 – 5 year option
Leasable Sq Ft: 3,750

Size in square feet:

3,750

Business Operation

Expansion potential:

Potential exists to expand into neighboring retail space as leases expire.

Competition / Market:

While there are several liquor operations in Steamboat Springs, this business enjoys a position as the number two or three liquor operation in the community.

Trading hours:

10 to 10 Sunday-Wednesday; 10-11 Thursday - Saturday

Employees:

2.5 FTE plus Owner

Years established:

2002

Other information

Support & training:

Negitiable

Furniture / Fixtures value:

$75,000 (included in the asking price)

Inventory / Stock value:

$64,000