Twelve Room Motel In Upstate New York For Sale

Business description

Twelve Room Cabin Motel in Upstate New York for sale for the reduced price of $699,995! This Independent family owned & operated motel is nestled in 10 acres of beautiful woodland & is open all year round The motel offers 12 good sized rooms, some luxury & 3 of which are efficiencies with own kitchenette comprising of sink, microwave, toaster, coffee maker & refrigerator with small freezer compartment. Most rooms have 2 double beds, color T.V. & DVD player, en-suit bathroom & refrigerator. There are also 6 cabins which have fully fitted & equipped kitchens. The lounge area has a T.V. & DVD player. There are 1 & 2 bedroom cabins which can sleep between 2 & 6 people. Onsite restaurant & bar are open Monday, Tuesday, Wednesday nights from 7:00pm for the bar & bar snacks & Thursday, Friday & Saturday Nights from 5:00 pm for delicious home cooked meals. There is an open ended extension to the bar & restaurant & the tackle store. Motel staff consist of 2 full time staff (husband & wife team ) & 4 part-time staff. The motel is well established & has been in operation since the early 1960's. This is the only motel in the area for 15 miles in any direction & the best priced with bookings for the next 5 years! The net profit figure of $100,000.00 is projected for 2008 based on current bookings. Owner will consider selling the Restaurant, Bar, Tackle Shop & one luxury two bedroom cabin separately for the asking price of $375,000. Contact us now for more information.

Property information

Real Estate:

Real Property Included

Location:

This is an Upstate New York Property. Over four hundred miles away from the hustle & bustle of New York City. Here, there are over ten acres of prime location overlooking the magnificent St. Lawrence River. This region of upstate New York is often referred to as the land of a 1000 sunsets & they can be clearly seen from the grounds of this motel.The motel has the only commercial dock on the St Lawrence River between Massena & Ogdensberg (a distance of 35 miles) & a further dock on the back-bay adjacent to the motel. Both of these docks are an enormous benefit to the sporting visitors who stay at the motel

Other information

Expansion potential:

Plans for a large NASCAR track have been approved that will be situated just 15 miles away. This should without a doubt substantially increase rentals & the need to build more cabins on the motel site to satisfy the demand for accommodation.

Competition / Market:

This is the only motel for 15 miles in any direction & the best priced with bookings for the next 5 years!

Support & training:

Owners, a husband & wife team wish to return to the UK to be with their family & are looking to sell by the end of September 2007 to achieve this goal. Additionally, they are more than happy to spend time with new owners to familiarize them as to the workings of the motel.

Reasons for selling:

Owners, a husband & wife team miss their family back home in the UK & wish to return as soon as possible

Trading hours:

Open All Year Round

Financing available:

Contact for more information