71 Silverpick Drive | Presented by Kyle Kunkel

Colorado Mountain Lodge 71 SILVERPICK DRIVE | DURANGO, CO OFFERED AT $4,100,000

PRESENTED BY

KY L E KUNK EL

YOUR DURANGO REAL ESTATE SPECIALIST

Located in the heart of the 1.8 million acre San Juan National Forest and nestled under 1,500-foot Hermosa Cliffs, The Silverpick Lodge sits along the San Juan Scenic Skyway at 9,000 feet above sea level and one mile from Purgatory Ski Resort. It is located halfway between, and 25 miles from, both Durango and Silverton, Colorado.

The area records 300 days of sunshine and 200 inches of snow per year. The woods, which are just across the street, are full of game and the streams are full of trout. Hiking, boating, mountain biking, rock climbing, four-wheeling and horseback riding are the predominant daytime activities. The small town of Durango, with its highly educated and diverse population, offers an unusually sophisticated cultural, sports, and culinary scene.

The lodge is one of very few commercial properties in the North County Resort District. With tight zoning restrictions and high buildings costs, new resorts will be very limited. Existing resorts are set to benefit from a steady increase of new tourists with the ski area’s ongoing improvement program, which is already seeing increased skier counts.

At nearly 20,000 square feet, the Silverpick Lodge houses 13 guest rooms, 18 baths, a game room, a tv room, three hot tubs, a sauna and steam room, a massage room, a breakfast/private dining room, and a 95-person occupancy family room with kitchen, dining facilities, and private entrance. Maximum occupancy is 48 people. The lodge consistently books out a year ahead for weddings, family reunions and groups of all kinds. Non refundable deposits of 50% are taken at booking.

Condominiums in the development, some managed by the lodge and others independently, house another 50 people.

The five-star restaurant located within the lodge, the Sow’s Ear, is among the best in the region. The Sow’s Ear has a well established and well healed clientele of full-time residents, second homeowners and tourists. With massive windows on three sides, the restaurant offers the most stunning views in the Four Corners region. It has a maximum occupancy of 144 people and operates 5 nights a week in season. The Sow’s Ear is closed to the public, but open for private parties, in April and November. The average check is upwards of $60 and gratuities generally exceed 20%.

Peak Perfection

REVENUE PROJECTIONS INCOME

2021

2022

Lodge Rentals

$350,000

$380,000

Condo Rentals

$150,000

$165,000

Restaurant Income

$720,000

$800,000

$1,220,000

$1,345,000

2021

2022

Condos

$100,000

$110,000

Alcohol

$66,700

$70,000

Food

$165,000

$172,000

TOTAL INCOME

$231,700

$242,000

GROSS PROFIT

$888,300

$993,000

EXPENSES

2021

2022

Advertising

$30,000

$30,000

Finance

$36,600

$40,350

Payroll

$250,000

$270,000

Professional Fees

$4,000

$4,000

Rents

$3,600

$3,700

$36,000

$36,000

Snow Removal

$6,000

$6,000

Taxes

$55,000

$60,000

Utilities

$70,000

$70,000

TOTAL EXPENSES

$491,200

$520,050

NET INCOME

$397,100

$472,950

TOTAL INCOME

COST OF GOODS SOLD

Repair and Maintenance

Revenue Streams • Weddings - $15,000-$20,000 per wedding, typically 15-20 scheduled per year • Ski groups and family reunions • Property management - current income gathered from managing a few units in the adjacent 42-unit condominium complex • Property management can be expanded to offering management services to homeowners throughout the resort area • Sow’s Ear restaurant, located upstairs within the lodge. Restaurant revenues are up 66% post lockdown year over year.

DISCOVER Durango,

CO

Come experience life as the owner of the Silverpick Lodge in Durango Colorado. You will experience a whole new world away from strip malls, traffic, and chain restaurants. Surround yourself with the sounds of rustling trees and fast flowing streams. Connect with the natural world along hundreds of miles of trails, dirt roads, rivers, and mountain tops. City-style amenities are just 30 minutes down the hill.

AMENITIES AND ATTRACTIONS • Five Microbreweries • Three Golf Courses • Two Symphonies • Several Town Hiking Parks • Town Lake • Gold Medal River • Kayak Park

• Ft. Lewis College - A 4-year STEM state college

• Historic Steam-Powered Railway

• Pueblo Community College

• Over 200 Non-Profits

• Mesa Verde National Park

• Internationally Active Sports Community

• Aztec and Chimney National Monuments

• Diverse and Talented Retirement Community

• San Juan Scenic Skyway

FOR MORE INFORMATION ABOUT THE SILVERPICK LODGE OR TO SCHEDULE A PRIVATE TOUR, CALL KYLE KUNKEL TODAY AT 970.710.1230

KYLE KUNKEL

YOUR DURANGO REAL ESTATE SPECIALIST

970.710.1230 Kyle@KyleKunkel.com www.KyleKunkel.com