Would you buy a Ski Resort that only opens in summer?

The hosts break down a Wyoming ski resort open just 40 days a year, calling it an amazing local novelty — but likely worth zero as an investment. Business Listing – https://beartoothbasin.com/for-sale Welcome to Acquisitions Anonymous – the #1 podcast for small business M&A. Every week, we break down businesses for sale and talk about buying, operating, and growing them. Subscribe for more episodes: https://www.youtube.com/@AcquisitionsAnonymousPodcast?sub_confirmation=1 Subscribe to our Newsletter: https://www.acquanon.com/newsletter Connect with us on Social Media: Twitter: https://twitter.com/acquanon LinkedIn: https://www.linkedin.com/company/acquanon 👋 Follow the Hosts Michael Girdley – Entrepreneur & investor. Twitter: https://twitter.com/girdley Bill D’Alessandro – CEO of Elements Brands. Twitter: https://twitter.com/BillDA Heather Endresen – SBA lending expert & advisor. Twitter: https://twitter.com/EndresenHeather Mills Snell – Small business investor & advisor. Twitter: https://twitter.com/thegeneralmills 💼 This episode is sponsored by Verivend — the platform built for independent sponsors and private market investors to move faster and cut out friction. From raising to returning capital, Verivend streamlines investment management with instant, secure payments and automatic reconciliation. It’s like Venmo for capital calls, deployments, and distributions — all with no transaction limits. Learn more at https://www.verivend.com. 🧠 Powered by Acquisition Lab — founded by Harvard MBA Walker Deibel, the Lab helps aspiring business buyers navigate search, diligence, and acquisition with expert support and community. Head to https://www.acquisitionlab.com In this episode, the team tackles one of the quirkiest deals ever sent in by a listener — a tiny ski area in Wyoming and Montana that only operates during the summer. Tucked away off a seasonal mountain highway, this resort offers about 40 days of skiing each year. With two high-speed lifts running on diesel generators, capped daily tickets at just 100 skiers, and pricing of $50 a day, the business might top out at $200K in annual revenue under perfect conditions. Key Highlights: - Located on a seasonal highway with a 20-year forest service permit over 90 acres - Open only ~40 days a year, with capped daily revenue of ~$5K - Includes two high-speed lifts, three snowcats, seven trailers, and all tools - Powered entirely by portable diesel generators — no built infrastructure - Raises the question: why just $50 tickets for such a unique experience? - Everyone agrees it’s a super cool concept, just not a business that cash flows