Brokerage, Financial & Consulting Services

Saranac Lake in Essex Country, near Lake Placid, High Peaks, etc

THE BUSINESS: Located on a beautiful pond, across from a Saranac Lake tributary and on a busy highway, this is an exceptionally nice motel complex with AAA 3 Diamond” rating. Located across the street from water and public tennis courts. Under loving ownership for twenty years, this essentially cash business has given good residential housing and nice profits while serving clients year around to a prime vacation region. This turnkey operation has good financials and an owner who finds retirement timely.

FACILITIES : There are ten (10) motel units with kitchenettes and full ceramic baths, as well as two one-bedroom apartments, one two-bedroom apartment, one Jacuzzi suite , a one -kitchen suite and two 2-bedroom suites … total of 17 rental units all with phone system and voice mail communications. The owner's residence is a completely remodeled 4- bedroom house, with 1 ½ baths, a fireplace and Adirondack log ambience throughout. Site is on a pond, next to a busy main highway between Tri-lakes leading communities, and has 6.9 well-manicured acres.

FINANCIAL: Revenues exceed $ 300,000 with more than half being available after low costs and taxes ($15,000) to the owner for his services and financing, etc. Full data will be provided to a serious buyer upon demonstration of real interest and financial capability.

CO 0148, 12/12/05