Brutalized by the poor 2025-26 season, a well-known ski shop in Breckenridge is preparing for a tough summer and looking for lenders, but fared well in its first month of bankruptcy.
A Racer’s Edge, iterations of which date to the 1970s, surprised even itself by posting a small profit between late April and the end of May, a stretch when it expected to lose $28,000, according to its U.S. Bankruptcy Court reports. Still, it anticipates it lost $15,000 in June.
“As a standalone ski shop which does not switch gears into summer sports such as cycling, hiking and mountain climbing, fishing, et cetera, the vast majority of the debtor’s business is seasonal from November through April,” the business said in a recent court filing.
The small business filed for Chapter 11 bankruptcy April 24, after the State of Colorado briefly seized its shop for failure to pay more than $100,000 in taxes. The company has about $2 million in debts and $833,000 in assets, which is primarily inventory.
“Since the COVID-19 pandemic, ski resort visits to the Town of Breckenridge, the Breckenridge Ski Resort and neighboring communities and resorts have fallen each year,” A Racer’s Edge told U.S. Bankruptcy Judge Thomas McNamara in late May.
Annual revenue slid from $2.4 million in 2024 to $1.9 million in 2025 and $650,000 through mid-June of this year.
“Despite (owner Chuck) Ginsburg infusing the debtor with over $300,000 of his own funds in the past several years, the debtor continued to have negative cash flow seasons,” the court filing reads. “As a result, the debtor took out several loans, then turned to merchant cash advance financing.”
A Racer’s Edge is in talks with several people or companies that may extend so-called DIP, or debtor-in-possession, financing to overcome cash flow shortages throughout the summer. The small shop has just three employees, including Ginsburg, in the hot months.
Meanwhile, the company has until July 23 to submit a plan for how it will reorganize.
