Turn Key Ski Home Development

Washington, District of Columbia

  • Asking Price: $5,500,000
  • Gross Income: $12,150,000
  • Cash Flow: $4,650,000
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #212923
  • Established: 2006
  • Employees: 2

Business Description

Launched in 2006, this development started with the goal to create a high end ski development in the Mid Atlantic region.

This is an opportunity to continue development on a 100+ lot community at an established ski area. Originally valued at $40+ million by SunTrust Bank in 2006. Located adjacent to the ski area this development has real ski in and ski out potential for the entire community.

This development was re-launched in 2018 with a new brand, and new plans. Currently all lots have not been platted, and can be combined to increase lot sizes. Over 50% of the infrastructure is in, and all design, engineering, and plans are owned by the current team. A total of 14 homes have been built, and the 15th is under contract with an April 1 start date.

Finished homes range from $499,999 to $2,100,000. Being a builder would increase your profits exponentially. All the relationships are in place to complete this development. Current owner/team will stay on board to facilitate the handoff and liaison with the local community to increase project effectiveness.

This is an established business. This is neither a new franchise nor a start-up opportunity

***Please look for an email titled "Morgan & Westfield –“Turn Key Ski Home Development” after contacting us. You can access more information on this business after e-signing our Confidentiality Agreement. ***

Business Details

Primary Business Category: Real Estate and Rental and Leasing
Location: District of Columbia
Metropolitan Area: Washington

Company Information

Year Established: 2006
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 2

Financial Information

Asking Price: $5,500,000
Gross Revenue: $12,150,000
Cash Flow: $4,650,000
Seller Financing Available: Yes

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Business Listed By:

Arthur Williams

Morgan & Westfield