Services - Hotels & Other Lodging

Asking Price	$1,950,000	Inventory
Gross Income	$356,030	Real Estate
Cash Flow	$166,194	Year Established	1902
FF&E	N/A	Employees	30000

* included in the asking price

** not included in the asking price

This Resort has 46 prestine acres in the Catskill Mountains with gorgeous views for an amazing outdoors experience. The property has everything that an investor could ask for including; the streams, waterfalls and swimming holes that can be accessed throught the well established biking & hiking trails. There are endless possibilities to this existing business and amazing property. An investor may want to expand the current resort/retreat business or use the property for a camp/rehab type setting, for example. The acreage has every possible outdoor activity, as well as, numerous buildings to host events and accommodate family guests and large groups. This property has undefined potential to turn a limitless profit ,whether it be a seasonal business or year-round.

Facilities: The building known as the guest house has been remodeled, creating 4 prime rooms for rent; 13 guest rooms have been winterized; the tavern has beenremodeled and winterized. Separate building would make a perfect restaurant to serve the public, with beautiful stone fireplace and large bar. 3 Wells and 4Concrete Septice Systems w. Leechfield. Property Potential: remain open during winters for skiers, develop golf and historical site tour packages for seniorcitizens, open tavern in stand alone building to the public & establish destination restaurant, d

Competition: Glen Falls House encompasses 46 acres of gorgeous mountain views with 3 streams, 2 waterfalls & several swimming holes with established hiking & bikingtrails. The main house has 20+ rooms, a dining hall and commercial kitchen, while 4 seperate buildings offer an additional 29 rooms. Events outside thetraditional 100 yr old resort often focus around the in-ground pool, tennis & basketball courts, a softball field and horseshoes or in the stand-alone tavern/recreation hall offering inside activities.

Growth/Expansion: Property has a strong base of repeat guests and historically caters to families, groups and senior citizens. Bus tours leave guests 4-5 hours to stroll theproperty and have lunch, are also a growing source of revenue. The property has been open only 90-95 days/yr.-weekends in May, June, September &October and full time July and August. Meals are served family style in the 150 seat dining hall, which is open to overnight guests only and included in thepricing.

Financing: To Qualified Buyer

Support/Training: Cost of Goods Sold = $90,382 Gross Payroll = $61,268 Insurance = $ 18699 Total Taxes = $ 19,485