Owner Financing is Available
Business for Sale Overview:
This is a profitable Alpine style facility with totally renovated 40 rooms, 4 family cabins, 80-person restaurant (out-sourced), and an outdoor heated pool on 3.5 acres. Motel is a year-around operation located in the Olympic region, sited on a major road, next to an upscale shopping and activity center, with Whiteface Mountain and other views. Its profits and sales recently $750,000 has been consistent in the decade of owner s hands-on management, and recently under a staff general manager. Four family cabin units were added in 2005, and there was upgrading of 24 rooms and a separate back building of 16 rooms. Restaurant risk and complications have been recently outsourced. Client programs emphasize AAA, golf, ski packages and visiting Olympic and world competitor teams.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
The 3.5 acre sloping site contains two large motel buildings and four family cabin units. The main building has 24 upscale rooms, the Lobby, Restaurant and Lounge, full kitchen and Conference Center / apartment. Another structure contains 16 economy standard rooms and a suite that is a potential owner s quarters. There are 4 family cabins with great views, and a storage garage. The buildings and in-ground heated 40 x 20 pool, with fully paved access and parking, are in excellent repair. Support/Training: Seller has a staff General Manager who is in charge of the operations, who would remain is some category, and will assist in training and turnover of straightforward turnkey business.
Market Competition and Expansion:
Competition: This motel serves economy clientele, including many repeaters. It enjoys a prime location with views, proximity to village s only shopping center, and various tourist amenities for year-around activity. Cost and rate competitive, it has been a destination for travelers, Canadian vacationer, AAA, golf and ski packages, and visiting Olympic or World competitor teams. Area draws from Northeast and worldwide due to sports and mountain venues.
Growth/Expansion: Real expansion possibilities due to past record of sales when owner was not diverted by being out of town or struggling with a restaurant (which is now outsourced leased),a large customer base and many repeaters. No real competition in region and underutilized facility really calls for resurgence of sales activity to associations and nearby regional event sponsors.
Reason for Selling:
Owner relocated & wants to liquidate investment.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Resources: