Business For Sale Listing #BFS-152087:
Lake George NY Resort For Sale
Industry
Location
Financials
| Sales: |
Between $500 Thousand And $1 Million |
| Profits: |
Between $100 Thousand and $500 Thousand |
| Profit Type: |
Not Disclosed |
| Asking Price: |
Between $5 Million and $7.5 Million ($5,255,000) |
Business Summary
The property is a New England styled, year round, 62-unit complex on two acres, quaintly bordered by a wooded backdrop, with an indoor/outdoor pool, large play ground for children and picnic tables/grills. It is located in the village of Lake George, across the street from the lake, within a four-hour drive from New York City. The Mohawk Motel/Choice Inn and Suites is a unique combination of:
* 46 traditional motel rooms,
* 4 rooms with real, wood-burning fireplaces, 2 have Jacuzzis also,
* 3 one-bedroom efficiency kitchen suites,
* 2 two-bedroom efficiency kitchen suites,
* a two bedroom, two story deluxe suite, and
* six deluxe townhouses with full kitchens (five three-bedroom and one four-bedroom).
In 1999, 50% of this property was built new. All the town homes were built in 2001 and 2002. The efficiency suites were totally remodeled as well as any existing rooms in 2003 and 2004.
There is a $300K, 2,200 square foot, three bedroom with 2.5 baths, year-round house for owner/manager living accommodation with main office attached included in the sale.
