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Rick Schmitz
Acquired a run-down ski resort at age 22 and turned it around, later acquiring two other resorts in the upper Midwest. Currently owns and operates three ski resorts in Wisconsin.
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Jul 13, 2021
• 35min
How to Buy a Ski Resort (at Age 22)
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In this episode, Rick Schmitz, who at just 22 turned a struggling ski resort into a thriving business, shares his incredible journey. He recounts negotiating the price down from $1 million to $625,000 despite facing countless rejections from banks. Rick emphasizes the significance of a strong business plan and creative financing. He discusses the sacrifices made to grow his resorts and the importance of community connections. With humor and insight, Rick outlines the unique challenges and rewards of acquiring ski resorts in the Midwest.
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