SOLD
Silverton LP Gas
Propane Business for Sale in Silverton, CO
Price:
$2,499,000
Silverton LP Gas has been under the same ownership since 1954. This essential propane business for sale services approximately 475 households in the town of Silverton, CO. Your new turnkey business includes wonderful income, inventory, and real estate needed to operate continuously without disruption of service to the customers of Silverton, Colorado. The ONLY propane service company in town, and owned by the same family since 1954.
The business sits on 9 lots in a mixed-use zone and it has been identified as an area to remain business/mixed use in the future land use framework as part of the Silverton Compass Master Plan 2022. The mixed-use zone allows for commercial, multi-family, and single-family development. The Silverton Compass Master Plan 2022 has identified the need for redundancy in the power supply due to frequent power outages, making propane an essential utility service.
Established business with strong financials that support expansion
9 mixed-use lots
Updated equipment and great, knowledgable staff
Lively and growing community
Location
Mineral Street, Silverton, Colorado, 81433
Silverton, Colorado, nestled in the Rockies, is an ideal location for those seeking a mix of natural beauty, business opportunities, and community spirit. The town's growth is fueled by new residents and businesses, especially younger entrepreneurs. With new ownership at Silverton Ski Mountain, expansion plans and improved services for skiers are in the works. Tax breaks and incentives from the government further sweeten the deal for investors. Tourism, led by the Durango Silverton Narrow Gauge Railway, continues to grow, making Silverton an attractive destination for living, working, and owning a family business in a vibrant mountain town.
When working with your business opportunity listing brokers with UC Commercial you are engaging with current and former business owners who understand the nuances of entrepreneurs as well as the properties and businesses they represent.
Michael Krieg represents commercial real estate and commercial businesses throughout 10 Western States and Costa Rica.
Michelle Furi, a past long time resident of Silverton, holds strong relationships throughout the town and will prove quite valuable to a new owner as they begin to engage with the Silverton community.
Photo Gallery
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What is the relation of the property in the City master plan and or benefit to a new owner as mentioned in the marketing materials?The Silverton Compass master plan calls for diversification in energy sources. The electric grid fails regularly in inclement weather and is not reliable as a heat source. Many homes and businesses are still using coal to heat their buildings. As they transition away from coal, the only alternative sources of heat are wood and propane, the latter of the two being the most efficient and reliable source of heat. New builds are being outfitted with propane, so the customer base is growing.
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What is the opportunity zone effect and or benefit to a new owner, as mentioned in the marketing materials?A buyer would need to work with a tax professional or Region 9 Economic Development to verify that their purchase is eligible for Opportunity Zone federal tax credits through the State of Colorado Office of Economic Development and International Trade. There are also state tax credits available through the Enterprise Zone program. The Town of Silverton is designated an Opportunity Zone and an Enhanced Enterprise Zone.
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Are there opportunities for business expansion in or around existing operations?A buyer would need to verify opportunities for expansion of existing operations. The property is zoned as economic development, making it viable for multi-family, commercial, industrial, or mixed-use. As mentioned, there are new builds that offer potential for new accounts and existing buildings being converted away from coal that present potential for new accounts. The business is currently only servicing the Town of Silverton, however.
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What is the economic forecast for Silverton growth rates, newcomers, and businesses?Region 9 Economic Development provides a comprehensive Economic Snapshot for all towns in the region, including Silverton. As a former resident of Silverton, I have witnessed a surge of growth in the town. Many elderly residents have moved to lower elevations, and a new generation has moved in. The preschool has tripled in enrollment of infants and toddlers. The public K-12 school has almost doubled in enrollment as well. Silverton Mountain, one of the most extreme ski areas in North America and the town's largest employer, has just been sold to new owners, who have pledged to increase amenities and provide greater economic development for the town.