Listing ID: 80593
Business Overview
This resort can host bridal showers to baby showers, christenings to Sweet 16’s, and
everything in between, all set in a stunning mountain manor nestled in scenic New
York state. Built at the turn of the century, the historic mansion provides an elegant
country escape with timeless appeal. Historic accents and attention to detail create a serene breath taking wedding experience. The mansion has 9 beautifully restored
Victorian rooms, with each room having a unique style and private bath. In addition
to the complimentary bridal suite, rooms may be purchased in a block of 4 (half the
mansion) or 8 for the full mansion accommodating up to 26 guests. Options include
extending your wedding to a whole weekend, without any site fees. The manor is
capable of hosting superb cuisine for rehearsal dinners, breakfast, brunch, lunch, and
more. A one stop wedding venue with a lake reception area also available.
Financial
- Asking Price: $2,999,000
- Cash Flow: N/A
- Gross Revenue: $320,758
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
Detailed Information
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:40,000
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Mansion 33,749 sq ft with 10 rooms accommodating 26 people Caretaker's House 2,520 sq ft 4-bedroom 2 dorm buildings 3,811 sq ft 14 rooms that can be refurbished
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals choose to sell businesses. Nonetheless, the true factor and the one they say to you might be 2 completely different things. As an example, they might state "I have a lot of other obligations" or "I am retiring". For many sellers, these factors stand. But also, for some, these may just be excuses to try to conceal the reality of changing demographics, increased competitors, current reduction in revenues, or an array of other factors. This is why it is really important that you not rely completely on a seller's word, however instead, utilize the vendor's answer combined with your total due diligence. This will repaint an extra sensible image of the business's current scenario.
Existing Debts and Future Obligations
If the current entity is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your offer. Numerous businesses borrow money so as to cover items like supplies, payroll, accounts payable, etc. Keep in mind that sometimes this can imply that profit margins are too small. Numerous organisations fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future obligations to think about. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with suppliers that have to be satisfied or might result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location attract brand-new clients? Often times, companies have repeat customers, which create the core of their everyday profits. Specific factors such as brand-new competition growing up around the area, road building and construction, as well as personnel turnover can impact repeat clients as well as negatively affect future profits. One important thing to take into consideration is the area of the business. Is it in a very trafficked shopping mall, or is it hidden from the highway? Clearly, the more people that see the business often, the greater the possibility to construct a returning customer base. A final idea is the general location demographics. Is the business situated in a densely inhabited city, or is it situated on the outskirts of town? Just how might the regional median house earnings effect future revenue potential?
