Local and Community Businesses, page 2

Capital-backed buyers who want a semi-absentee, location-dependent cash-flow asset and can handle utilities, repairs, and the unglamorous side of self-service retail

Startup cost

$80,000 – $500,000

Monthly earnings

$2,000 – $15,000 / mo

First income

6 to 18 months

Operators with significant capital who can build a recurring-membership community and weather a trend cooling off

Startup cost

$100,000 – $1,500,000

Monthly earnings

$4,000 – $40,000 / mo

First income

8 to 16 months

Capitalized investors who want a semi-absentee, real-estate-backed business and can buy or build in a high-traffic location with strong daily volume

Startup cost

$200,000 – $5,000,000

Monthly earnings

$0 – $40,000 / mo

First income

12 to 24 months

Experienced operators with real estate, hospitality, or development background and access to significant capital

Startup cost

$250,000 – $3,000,000

Monthly earnings

$0 – $60,000 / mo

First income

12 to 24 months

Capital-backed investors or operators who want a relatively hands-off real estate business and can underwrite a deal, secure financing, and choose the right location

Startup cost

$250,000 – $3,000,000

Monthly earnings

$2,000 – $30,000 / mo

First income

6 to 18 months

Well-capitalized operators who understand both the climbing community and the realities of running a high-fixed-cost facility, and who can survive a long ramp to profitability

Startup cost

$400,000 – $2,500,000

Monthly earnings

$0 – $40,000 / mo

First income

12 to 24 months