 Poster: A snowHead
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Obviously A snowHead isn't a real person
Obviously A snowHead isn't a real person
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$1.2 million NZ is about £600,000.
400ha of terrain, good snow record, four lifts which can carry 4,000 people an hour and I assume the possibility to add (the trail map looks like there's room to add lots more grooming too)... I know it's NZ, small country and all that, but that sounds like a reasonable investment.
Almost the sort of thing you could crowdfund?
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Well, the person's real but it's just a made up name, see?
Well, the person's real but it's just a made up name, see?
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until you have an idea of costs and revenues you have no way of knowing if it is a reasonable investment 
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You need to Login to know who's really who.
You need to Login to know who's really who.
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Wouldn't you get bored skiing the same routes over and over
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Anyway, snowHeads is much more fun if you do.
Anyway, snowHeads is much more fun if you do.
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| jedster wrote: |
| until you have an idea of costs and revenues you have no way of knowing if it is a reasonable investment |
Yes, of course you're right, but that's why I said 'sounds like'.
Fag packet stuff, but 4000 people an hour, with a four month season, say 120 days, they reckon they can handle 50,000 annual visits (which seems low to me) at an average of say $50NZ, is $2.5 million NZ.
That's before you factor in ski rental, food, drink, building plots (if poss) etc.
I assume they are not hitting anything like 4000 skiers an hour which suggests there's room for improvement. It happens - people get old, lose their interest, retire, someone else comes along and does it better.
It was for sale before, which suggests it's not an obvious bargain.
And obviously there are costs - labour (two permanent, twenty-five seasonal apparently), kit, insurance, COS stuff - but that still *sounds like* something to build on (literally and figuratively).
The land isn't being sold, either, just a thirty-nine-year licence.
But people regularly pay more than £600k for a chalet with zero ROI.
If only we could find a way of moving NZ a bit closer.
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