Listing ID: 80634
Business Overview
Nestled and newly remodeled in the Mountains of NY the hotel / resort this resort has a 5-star reputation, 6 different wedding options and acres of beautiful landscaping for one of a kind wedding photos or lasting anniversary memories. Outdoor ceremonies can seat more than 300 guests or the gorgeous indoor banquet hall can seats 250 guests which features a dance floor, fireplace, and much more. Or have your ceremony in as timeless mansion house. The staff can personalize weddings and parties to meet the needs of any couple. The chef has over 30-years of fine food experience providing excellent 5-star dinners and wedding packages for all occasions. 30-rooms, some of which are cabins known for romance, beauty, and privacy to accommodate guests
Pool parties, Tiki bar, outside deck parties, and gas fire pits surrounded by bench swings to set the mood are all available. Or enjoy an evening at the lounge with signature cocktails, local craft and imported beers, music, dancing, & live entertainment. The resort has exclusive access to a 1,000 acres for hiking, camping, fishing, hunting, boating, ski and stay packages, a nearby spa, casino, water park, concerts, and many more activities. Off road riding provides an extra income stream. Also nearby is the world famous Woodstock grounds with shuttle service available and privileged entry.
Financial
- Asking Price: $4,500,000
- Cash Flow: N/A
- Gross Revenue: $1,544,492
- EBITDA: N/A
- FF&E: $800,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2015
Detailed Information
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:10
- Furniture, Fixtures and Equipment:N/A
Pool, restaurants, banquet room, bars, 31 rooms, 50.6 actes
Additional Info
The venture was started in 2015, making the business 7 years old.
The business has 10 employees and is situated in a building with disclosed square footage of N/A sq ft.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people choose to sell businesses. However, the genuine factor vs the one they tell you might be 2 totally different things. As an example, they might state "I have too many other obligations" or "I am retiring". For many sellers, these reasons are valid. But also, for some, these may simply be justifications to try to hide the reality of changing demographics, increased competition, current decrease in incomes, or a range of other factors. This is why it is very crucial that you not depend completely on a vendor's word, however rather, use the seller's answer in conjunction with your total due diligence. This will repaint an extra realistic picture of the business's present situation.
Existing Debts and Future Obligations
If the current business is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your deal. Many operating businesses borrow money so as to cover things such as supplies, payroll, accounts payable, etc. Remember that occasionally this can imply that profit margins are too small. Lots of organisations fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future commitments to think about. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with suppliers that must be met or might result in fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location bring in brand-new consumers? Often times, businesses have repeat clients, which form the core of their day-to-day profits. Particular aspects such as new competitors sprouting up around the area, road building, and also staff turn over can impact repeat clients and also negatively impact future revenues. One essential point to take into consideration is the location of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Certainly, the more individuals that see the business often, the higher the opportunity to build a returning client base. A final thought is the basic location demographics. Is the business placed in a largely populated city, or is it located on the outside border of town? Just how might the neighborhood typical house earnings influence future earnings potential?
