In this episode, the hosts explore a $5M remote Wyoming ski resort with epic scenery, zero financials, and huge hidden costs—ultimately concluding it's a billionaire’s hobby, not a real business.
Business Listing – https://www.land.com/property/230-acres-in-washakie-county-wyoming/24410346/
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This week’s deal is a $5 million ski resort in the remote Bighorn Mountains of Wyoming, complete with a 20,000 sq ft lodge, 35 ski trails, 15 cabins, an RV park, and a single lift facing a pristine alpine lake. But what sounds like a winter wonderland quickly raises red flags: there are no financials listed, no clear cash flow, and heavy CapEx lurking beneath the snow.
Key Highlights:
- $4.9M price tag for 230 acres in Wyoming with ski and summer amenities
- 800 ft vertical drop, 1 ski lift, cabins, bar, restaurant, wedding venue
- No stated revenue or EBITDA—possibly breakeven at best
- Remote location = staffing, access, and utility maintenance challenges
- Hosts suspect it's better for a cult compound or tax-optimized lifestyle than a business investment
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