 Poster: A snowHead
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Another difficult winter, another ski resort for sale, this one within driving distance of the SE of England for the weekend. It's the microresort of le Grand Valtin near Gerardmer.
http://www.grandvaltin.fr/station
The resort, like les Loges des Gardes, is on sale on leboncoin.fr for 550,000 €. "I've invested 104 000 € in the drag lift," protests Christian Baradel. "I need the dosh so I can have a pleasant retirement in Toulouse near my kids, I'm nearly 60 you know", he goes on. Whoever buys the micro station will get the lifts, but one needs 80,000 € to get a second drag running. It has not worked since the great hurricane of '99, a ski pass shed, ski hire and a piste basher along with a Auberge which can seat 50 people. Open all year.
Bardel is a local, he returned to the area in 2000 after being fired from his job to help run the ski lift after his grand dad retired. He finally took over the area in 2004. He says the resort is "booming", attracting people depressed by large ski areas and thanks to the restaurant. However he will only discuss turnover and profit with serious investors. There is no snow making and winter, at 850 meters altitude, can be a hard and frustrating mistress. "We live with snow and god's will", the owner adds. However there was 5 weeks of skiing last season.
Anyone thinking of buying a ski resort in France should be aware the mountains are littered with abandoned ski areas, broken by hubris and the variables of climate change.
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Obviously A snowHead isn't a real person
Obviously A snowHead isn't a real person
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Is that picture it?
our sledging hill in Sheffields bigger than that, sounds like it gets similar amount of snow too
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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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OK - so 5 weeks of skiing. Average of 100 per day? Each spending 50 Euros a day lift pass, ski hire, food and drink?
That's 35x5000 Euros.
175000 a year turnover. For a business the want 550 000 for.
Not likely..
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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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@cameronphillips2000, sounds like good french economics to me 
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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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You'll need to Register first of course.
You'll need to Register first of course.
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| cameronphillips2000 wrote: |
OK - so 5 weeks of skiing. Average of 100 per day? Each spending 50 Euros a day lift pass, ski hire, food and drink?
That's 35x5000 Euros.
175000 a year turnover. For a business the want 550 000 for.
Not likely.. |
So using your economics, everything you purchase, ie a building, has to recoup more than the initial purchase price each year. Dream on.
So you pay 200k for a buy to let house, and recoup say 40k income a year, youd think that was bad economics. Id say its a bloody good deal, 20% return myself.
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| jafa wrote: |
| cameronphillips2000 wrote: |
OK - so 5 weeks of skiing. Average of 100 per day? Each spending 50 Euros a day lift pass, ski hire, food and drink?
That's 35x5000 Euros.
175000 a year turnover. For a business the want 550 000 for.
Not likely.. |
So using your economics, everything you purchase, ie a building, has to recoup more than the initial purchase price each year. Dream on.
So you pay 200k for a buy to let house, and recoup say 40k income a year, youd think that was bad economics. Id say its a bloody good deal, 20% return myself. |
But that is just turnover, margin will be pretty small, think it is highly unlikely to be profitable. Also 100 per day looks optimistic during weekdays - no one says snow will be there on weekends.
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| jafa wrote: |
| So you pay 200k for a buy to let house, and recoup say 40k income a year, youd think that was bad economics. Id say its a bloody good deal, 20% return myself. |
Please let me know where you can get 40K rental pa out of a 200K house as I'd like to buy into that deal.
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You'll get to see more forums and be part of the best ski club on the net.
You'll get to see more forums and be part of the best ski club on the net.
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| TallGuyUK wrote: |
| But that is just turnover, margin will be pretty small, think it is highly unlikely to be profitable. Also 100 per day looks optimistic during weekdays - no one says snow will be there on weekends. |
Lifestyle business. Plenty wouldn't blink on dropping €550K.
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It doesn't sound like a "business" in the traditional sense of something which could make money, so I suppose that's an option. Others would include building flats on the land, or perhaps that's just what it would be most valuable for in the UK.
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