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Show resorts during last years drought. While most of them havent fully recovered and are still reporting declines in business over the 1975 benchmark year, Madsen says The Homesteads business is up percent over 75. His heaviest trade comes during the summer months when tourists can enjoy the swimming, horse back riding, tennis and golf. But winter offers them old fashioned sleigh riding, cross country skiing and snowmobiling. Listed in Texas International and American Airlines travel brochures, The Homestead is the only IT-- (inclusion tour) listed snowmobile package in the country, Madsen said. 10 Financings a problem With business booming, why isn't he undertaking major expansion? Financings the problem, Madsen said. Unfortunately, The Homestead is classified by the banks as a resort, he explained. And Utah banks arent known for their generous lending practices with the local resorts. The bulk of his financing comes from the West coast. Perhaps next year will be the expansion year for The Homestead, he added. The son of Bonneville International president Arch Madsen and a dropAlan was only 25 when he out, bought the resort and has been battling the notion ever since that papa really owns The Homestead. There are days I wish he did, Madsen confided. He n did the loan (the of which he declined to disclose), but other than that, Dad has no financial interest in The Homestead. Its just me and the bank, all the serves on the board of directors of the Utah Nevada Motel Association. And along with the fourfold increase in revenues over the past five years, Madsen has increased sleeping capacity at the Homestead 75 percent. The payroll, likewise, has increased from 30 to 70. In the peak months it swells to about 150-a- nd that count the stables and doesnt gift shops. Actually, he said, we have been doing some major expansion all along. VENTURE CAPITAL Firm seeking fresh investment opportunities. Higher than average profit potential required. Real Estate preferred, but ail situations examined. All replies confidential. ut With ttrudks Dike these co-sig- amdl mattes Dike ours... way. The youthful entrepreneur had credentials of his own, however. He teaches the only hotel and restaurant management course in the state at Utah Technical College and Link with California widens Wycoffs market Wycoff, Inc. will expand its service area by more than 10 million people this month with the formation of the Inc.' in Reno. Wycoff recently received authority to operate as a common motor carrier in Nevada, and has opened offices in both Reno and Las Vegas. West-Paa west coast carrier, has also been granted ICC rights to Reno, and the two com- k, panies have formed a joint venture to facilitate deliveries from northern California to Wycoff s territories in Utah, Wyoming, Colorado, Idaho and parts of Arizona and Ore- gon. This is going to give us unmatched delivery time, Wycoff vice president of marketing John Morrell explained. We will be able to make second morning deliveries from Salt Lake to the west coast and vice versa. Our other territories will have three third morning deliver- - ventue should gross 5500,000 this year and $1 million in years to come. Profits from will be dithe Reno link-u- p vided according to the percentage of mileage each carrier transports the shipment. West-Pak- s authority includes Sacramento, San Francisco, Oakland and most of northern California. is a good The link-u- p Morrell sign for Wycoff, added. We are now up 15 to 16 percent over 1977 in real growth, compared with last year, when our growth over of one 1976 was only one-hapercent. Whatever size load you have we have a dependable Budget truck to handle the job. With the latest equipment. Budget can help you through your peak hauling season or whenever you have special truck needs. Budget honors most major credit cards. And with low rates by the no wonder our competition hates us. day. week and month ... 750 South Main 322-558- 363-150- 1 0 lf YOU DO HAVE A CHOICE In most cases, we can provide additional features for less money than you are now paying the local phone company. ICS. tf Morrell SLC Airport said the joint Electronic PABX 1 and 2 bedroom apartments, fireplaces, decks with gas Special Rental Rates available while other units are under Bar-B-Q'- Benefits -- INCREASED PROFITS INCREASED CUSTOMER SERVICE -- INCREASED TELEPHONE EFFICIENCY -- CONTROL ESCALATING INFLATION -- INDIVIDUALLY DESIGNED SYSTEMS -- II MULTI-FUNCTI- ON Custom-tailore- 2400 So. Elizabeth St. (1140 E. - turn west on Highland Drive at Parkway Ave.) or Rental office open noon 'til dusk. 278-266- 6 278-266- 5 d plans for lease, purchase or rental. PHONE: 534-08- 40 International Telephone and Telegraph TTT TERRYPHONE CORPORATION 805 WEST CENTER STREET NORTH SALT LAKE, UTAH PHONE 84054 ANSWERING SERVICE 363609 |