Agriculture | Services - Amusement & Recreation

Asking Price	$3,480,000	Inventory
Gross Income	$632,400	Real Estate	$3,480,000*
Cash Flow	Not Disclosed	Year Established	2001
FF&E	to be negotiated*	Employees	5 plus owners

* included in the asking price

** not included in the asking price

Profitable Equestrian business for sale in NY

Well-established, full-service, equestrian boarding, training and sales facility. Cedar Crest Farm has achieved the reputation of providing high-quality, honest and ethical service. It has a full compliment of boarders and an excellent team of qualified staff all of whom, boarders and staff, wish to stay on. It is a profitable turn-key operation adjacent to the Millbrook and Rombout hunts and just an easy 1 hour drive away to either the HITS shows in Saugerties to the west or Old Salem farm to the south. Overlooking the barn and paddocks is the delightfully situated 4 bedroom main residence built in 2006. At approx 3800 sq. ft. it has an attached 2 car garage, highly efficient radiant heating system and a backup electrical generator.View the operation in full at www.equestcenter.com and more photographs and description at http://www.sothebysrealty.com/en/PropertyDetails.aspx?R=104178699&N=12+4294966023+149&Ns=P_USDPrice|1&No=-1&PSeq=0

Facilities: Sitting on 64 acres of pasture. Stabling for 29 in a barn around a courtyard. Staff housing for 6 and 3 en-suite guest apartments. Beautiful club room with vaulted ceilings. 2 wash stalls, 2 tack up stalls and a spacious tack and trunk room. The attached 80 by 200 indoor riding arena with viewing gallery. Equipment and jump store. 160 by 160 outdoor sand arena. Adjacent to the barn is a 63 Belebro horse exerciser. A variety of cross country fences aimed at novice to training level eventing are situated around the grounds.

Competition: Market leader in this predominantly horsey area thanks to superior facilities, internationally qualified trainers and public access to high-quality Irish competition horses. Equestrianism and also equestrian tourism are continually expanding. The tranquil rural environment ensures that more people are relocating to the vicinity to escape the encroachment of urban development in the Brewster area and this provides an increasing pool from which to draw clientele.

Growth/Expansion: Having run high-profile establishments both nationally and internationally the owners of the business have concentrated on keeping it manageable and of high quality with the emphasis on keeping a good quality of life since its foundation in 2001. There are many opportunities for more aggressively marketing the business or changing the business model to increase profits. The facility has been at capacity since soon after it opened in January 2001 and the 29 stalls could easily be supplemented with more to provide additional revenue.

Support/Training: Support and Training: The seller will provide training for a negotiated period of time to ensure a smooth transition

Reason Selling: Owners relocating