Flat Tops Ranch Supply for sale; listed at $1.6M
Feed store, farm owners want to move on
August 21, 2008
Steamboat Springs — After spending years getting Flat Tops Ranch Supply off the ground, its owners are ready to pass the Phippsburg farm and feed store on to a new pair of hands.
“We kind of always knew we couldn’t stay in the office forever,” said Wendy Palyo, who co-owns the business with her husband, Jules. “We’re just not ones to sit around.”
The Palyos came to Routt County eight years ago, after buying Oak Creek-based Pack Country Outfitters, and started the planning process for a farm and feed store a few years later.
Flat Tops Ranch Supply opened its doors in Phippsburg in October 2007 and now has a sizable customer base in Routt and northern Eagle counties.
“We had a really good time building it, and we’re happy to have it for the community, but we’re going to pass it on to someone who wants to run the business,” Palyo said.
The business and the property, co-listed earlier this month with Colorado Group Realty’s Jon Wade and Scott Wither, is listed at $1.6 million. Flat Tops Ranch Supply’s building and lot, on Colorado Highway 131 on the south end of Phippsburg, easily allow for future expansion, he said.
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The couple is optimistic that local entrepreneurs will want to take up the business.
“I’d really love to stay local, with people who know the area and the needs here,” Palyo said.
As a testimony to the effort the Palyos have done at researching their market, Flat Tops Ranch Supply has had positive cash flow since opening day – in a market in which 90 percent of businesses for sale are in the red, Wade said.
“They really have built a gem here,” Wade said.
In addition to the expected sales of animal feed, tack and tools, demand has been especially intense and widespread for fuel for pellet stoves, which the store has sold since its inception – first from a South Dakota company, and now from Confluence Energy’s Kremmling plant, since that facility began processing beetle-killed wood into pellets, Wendy Palyo said.
“It’s growing daily – it’s bigger than we ever expected,” she said.
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