Accommodation Business for sale in 0 Upstate New York New York

70-Room Finger Lakes Area Hotel

Location : New York -Upstate New York

Category : Accommodation

Asking Price : 3,900,000

  • Sales revenue : $ 914,634
  • Net profit : Undisclosed
  • Furniture/Fixtures value : $ 480,000
  • Inventory/Stock value : $ 10,000

Business description

This independent hotel property includes 18+ acres and is surrounded by over sixty acres of beautiful fall foliage, providing spectacular views.
Facility & property recently appraised for: $4,450,000.
Includes full restaurant/bar and event space: main banquet room will accommodate roughly 400 people.
All rooms have been completely remodeled, including new floors, bathrooms, fixtures, bedding and balconies.
Weddings and other events sales up significantly in 2018.
Overall sales up despite minimal marketing & advertising.
The seller has many other real estate + outside projects and feels the business needs a full-time owner/operator to manage growth.
Includes full restaurant/bar and event space.
The bar/restaurant includes a patio that can accommodate up to 150 people.
A major franchise affiliation could significantly boost sales!

Other Information

  • Years established: 1962
  • Employees: 4 FT / 28 PT
  • Relocatable:N
  • Home Based:N
  • Real Estate:Size of space occupied: 48,000 sq. ft. Includes full restaurant/bar and event space. Main banquet room and all rooms have been completely remodeled.
  • Competition:There is no other hotel in the area that compares to this one.
  • Expansion:A new owner will want to further develop the wedding and corporate event business with a structured marketing campaign via print, radio and television.
  • Support Training:The seller offers a minimum of 8 weeks of training to provide for a smooth transition.
  • Reason Selling:The seller is involved in several other business and real estate ventures.
  • Lease Terms:NA
Klassen Ingalls
  • Company Details : Klassen Ingalls
  • Agent Detail : Earle Ingalls
  • Phone : Click here for phone number
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