2 Buildings at Lake George Factory Outlets

Lake George, NY
Warren County

2 Buildings At Factory Outlets


Asking Price: Annual Revenue:
$769,000 Not Disclosed

Retail: General Merchandise - Retail


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RE: 2 Buildings at Lake George Factory Outlets Broker: Steve Borgos
License #: 30BO0039430

Quick Facts

Asking Price: $769,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: $769,000
Year Established: 1986
Employees: Not Disclosed
BBN Listing #: 597515004
Broker Reference #: 6 - 10 - Route 149

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Business Overview:

Land and Buildings Only! 2 separate buildings - No business included. Currently the location of FISH307, a highly successful fishing tackle store. One building is a genuine, full-log structure suitable for any outdoor recreation product. Immediately adjacent to outlets, but no financial obligations related to the outlets. Total of almost 6,000 square feet of space PLUS about 2,600 square feet of basement space for offices and storage. There is ample room to accommodate online sales.
The outlets, with over 50 popular outlets, are a major attraction all year, and this property has direct frontage on high traffic Route 149 to Vermont. FISH307 has outgrown its space and will soon move to a new, larger, as yet undisclosed location.

The 2 story building is currently leased.
There will be a deed restriction prohibiting the use of the property for the sale or rental of fishing tackle.

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Property Features and Assets:

The frontage on Route 149 is 97 feet, with the 2 story building nearest the road. The log building is closest to the rear of the lot, with parking for 25 vehicles between the buildings.

Market Competition and Expansion:

The Lake George market continues to increase. It has survived the Covid-19 pandemic and anticipates strong growth as people plan more vacations within 300 miles of home. New York City is about 200 miles away, and Montreal is about the same Boston is about a 4 hour drive. The vast majority of visitors to this location live in the New York City area, northern New Jersey, or Connecticut, however, the number of visitors from Canada is increasing now that the border has opened.

Reason for Selling:

Moving to larger space.

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.

Documents:

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