2250 Apres Ski Way , C315

Description

Now below comps & seller is looking for an offer. Truffle Pig is in the best dining location at the base of the Steamboat Ski area & Alterra's $200M in upgrades makes this a strategic location. Owning the restaurant and real estate gives the opportunity to take costs of future lease increases to your bottom line. You also get to avoid the time, investment & uncertainty of building, staffing, & starting a new restaurant. Truffle Pig is located in the center of the base area within a few hundred feet of the 2 new high capacity gondolas & one high speed 6 pack lift that serve the base. It is in the center of the prime lodging area with the vast majority of short term rentals. Steamboats STR capacity was over 20,500 in 2022 with several new luxury condo buildings planned at the base. It is hard to picture where another restaurant could be built with better proximity to more people & any new restaurant at the base is likely to only be for lease. Easy access with free valet parking & close proximity to base area lodging. Significant transportation improvements are in process including a higher capacity gondola from the Meadows lot & a new transportation center. There are only two fine dining restaurants at the base area with limited opportunity for more. Its quicker & more convenient to dine at Truffle Pig than in town, so this location is likely to benefit from visitor growth & limited supply. There is 5,108 sf of finished space that seats 175 inside with a large bar, plus 100 seats on the patio with a view up the mountain. Truffle Pig has a loyal customer base & has over 1,000 reviews on Open Table. Construction at the base in the summer has either limited or shut down ski area operations for the last 4 years . Full operations now that the upgrades are complete, have the potential to provide a good boost in business levels to the next owner. Real estate for $4.95M ($969/sf) and Business for $995,000. Financials available with an NDA.