This motel in a scenic valley in the Catskill Mountains is dotted with pine trees and hard woods and has a registered trout stream/brook running through it. The 16.2 acres of this motel have a main 3 bedroom detached home, 18 motel rooms and 9 cabins and have been playing host to return guests for decades and through three generations. All the rooms are nicely furnished and there is a swimming pool on the grounds. All roofs, foundations and structural elements are in excellent repair and the owners are ready to retire after nearly a quarter century of hosting spring, summer and fall guests

Heard this morning that a major gambling casino is to begin construction about 1/2 hour from this motel next fall.

Both of these projects will have a major positive impact on business for the motel. As Atlantic City, NJ gambling collapses (4 majors closed their doors or announced closing within a few months, this year) the Catskills of NY State is set to open several new gaming super hotels/resorts.

The financial calculations are based upon the 18 motel rooms being converted to efficiency apartments and filled with short stay occupants, possibly including seasonal workers, public assistance individuals or couples and the 9 cabins as well. The rent for each unit is conservatively set at $1,000.00 per month for a single occupant and more for two occupants.

The motel rooms are now undergoing this upgrade that includes a stove and refrigerator unit and the need in the area is reportedly strong. While running it as a motel, as it has been for decades, is an option, the real money maker is as described above with efficiency apartments. With the 18 motel rooms and 9 cabins outfitted and rented, the annual gross income is projected to be at or near $325,000.00 If you can manage and want a real chance to earn about $200K+/yr. this may be your opportunity.

Posted Mar 25, 2015

Did you know that social networking is a great way to buy a business? Sign up now and we'll show you how.

By clicking "Sign Up" you confirm that you accept the Terms of Use and Privacy Policy, including cookie use.

Disclaimer: MergerNetwork has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness.