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Ten Bits Ranch

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Offline jim2

  • jim2
  • Mountain Lion
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  • 1078
Ten Bits Ranch
« on: February 19, 2015, 03:56:33 PM »
 I stayed at TBR for three nights last week. The rooms are clean, comfortable and current. I slept well even with the howling wind the first night. TRB is built as an old west town with a bank, gunsmith, and other shop fronts.   
 Breakfast is served at eight, in the Cantina or you use the common area in the Cantina and have the provided fruit, cereal and other breakfast items.
  The location is certainly part of the draw, set in an echo chamber of pinnacles and volcanic intrusions. A unique spot, I watched a killer sunset from the porch off the room.    If you want to introduce your  loved ones to Big Bend this would be a great place to stay. The setting is rugged and the rooms comfortable.
 Because they have a number of cabins, this would also be a great place for small groups.


http://www.tenbitsranch.com/






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Offline Talusman

  • Black Bear
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  • 532
Re: Ten Bits Ranch
« Reply #1 on: February 20, 2015, 07:48:38 AM »
Thanks! I checked out the website. I didn't even know this existed! Very nice little hide away from the local area. I'll have to try them this year. Glad you enjoyed your visit!
"To Think is easy. To Act is difficult. To Act as one Thinks is the most difficult!"

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Offline maketo

  • Coyote
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  • 112
Re: Ten Bits Ranch
« Reply #2 on: March 21, 2015, 08:48:18 PM »
The place is actually for sale for $395K.

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Offline presidio

  • Soaptree Yucca
  • Mountain Lion
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  • 3460
Re: Ten Bits Ranch
« Reply #3 on: April 04, 2015, 12:44:17 AM »
The place is actually for sale for $395K.

The BBC member list shows 3144 folks.

That's only a paltry $125.64 per person to buy the place, and that's without even dickering over the price which undoubtedly is too high (like all real estate down there) and could be brought down with skillful negotiation (accompanied by waving real CASH at them while talking).

Now, if folks were willing to pony up $500 each, only 790 participants would be needed to take possession.
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<  presidio  >
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Wendell (Garret Dillahunt): It's a mess, ain't it, sheriff?
Ed Tom Bell (Tommy Lee Jones): If it ain't, it'll do till the mess gets here.
--No Country for Old Men (2007)

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Offline Homer Wilson

  • Black Bear
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  • 562
Re: Ten Bits Ranch
« Reply #4 on: April 04, 2015, 08:57:08 PM »
At first I read that as 79 participants and thought, "we can do this!". Then I saw the extra zero.

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Offline Jalco

  • Mountain Lion
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  • 1061
Re: Ten Bits Ranch
« Reply #5 on: April 05, 2015, 10:45:09 AM »
At first I read that as 79 participants and thought, "we can do this!". Then I saw the extra zero.

Technically, we could still do it with 79....if we add the extra zero to our side of the equation.  College funds for our children are overrated in my opinion  ;)

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Offline presidio

  • Soaptree Yucca
  • Mountain Lion
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  • 3460
Re: Ten Bits Ranch
« Reply #6 on: April 05, 2015, 12:50:59 PM »
At first I read that as 79 participants and thought, "we can do this!". Then I saw the extra zero.

Technically, we could still do it with 79....if we add the extra zero to our side of the equation.  College funds for our children are overrated in my opinion  ;)

Doable, yes. But upping the individual ante to $5,000 would require some hard bargaining to bring down the price and reduce that load.

Now, while I joke a lot (or poke at...take your pick) about things here, this actually might be a viable enterprise....IF....the demand for accommodations in such a place was real. Meaning, it would be essential to have at least a seasonally adjusted high level of occupancy to make the venture worthwhile (i.e., profitable). A lot of that might revolve around marketing ability.

An LLC K-1 partnership or S corporation would be a relatively easy business to manage. It would require a full time onsite manager/caretaker, preferably someone that is a partner and receives part of his/her compensation as lodging (at an annual rate acceptable to all stock holders).

The seller would have to reveal profit/loss statements for their entire duration of ownership before any of this could even be considered. That bit of information would be a principal factor in making an offer.

While it appears to be a turn-key operation with infrastructure in good condition, plus 175 acres, there likely would be considerable up-front costs (beyond the purchase) associated with taking over the place and keeping it going.

Looking at their website, they are a bit misleading in that they claim they only are 15 minutes from the west entrance of the park. Not hardly, but also not a deal killer. It is just over 17 miles from the property to the NPS tax booth at the west entrance. Under the best of conditions (no significant traffic...which usually is the case, but doing the speed limit it would take at least 30 minutes to get there.

As to business viability some more information would be necessary.

Foremost would be why the sellers are wanting out, from a business that seems to get relatively decent to good reviews online (at least in recent years...earlier reviews were terrible, but perspectives have two sides and complaints were addressed in every case).

There's really only five possibilities:

a) health
b) transfer (owner is NPS employee)
c) place is a financial drag
d) like gold rushes, the dream didn't materialize
e) just tired of the effort it takes to run the place

Only "c" and "d" would be of real concern, though "e" is not to be dismissed. Whomever would be the onsite person would be picking up a more than full time job.

Still interested?
_____________
<  presidio  >
_____________
Wendell (Garret Dillahunt): It's a mess, ain't it, sheriff?
Ed Tom Bell (Tommy Lee Jones): If it ain't, it'll do till the mess gets here.
--No Country for Old Men (2007)

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Offline mr.bean5150

  • Coyote
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  • 151
Re: Ten Bits Ranch
« Reply #7 on: April 06, 2015, 09:02:35 AM »
I'm in...
"Do or Do Not, There Is No Try"
                                  "Yoda"

 


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