Cohen + White Associates
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506 Stockbridge Rd, Great Barrington, MA 01230

$1,265,000
Property Type: Commercial Baths: 18 Square Footage: 7,100 Lot Size (sq. ft.): 258,746 Status: Closed
Current Price: $1,265,000 List Date: 11/04/2016 Last Modified: 10/18/2024

Description

10%+ CAP, MOTEL CHIC, SUCCESSFUL, RE-IMAGINED AND SUPER COOL 1960'S MOTEL brings a contemporary B&B aesthetic to the heart of Southern Berkshire County. As a life style change there is plenty of room for expansion and growth at the Briarcliff. SE: ''12 REASONS TO MAKE THIS BUSINESS OPPORTUNITY YOUR NEXT LIFE-MOVE''

Supplements: In 2011, the current owners renovated the property into a profitable and welcoming boutique style destination. A perfect jumping off point for all the many Berkshire attractions. Located between the towns of Gt. Barrington and Stockbridge this homey hybrid of motel-B&B has a stylish and laid back guest lounge and lobby perfect for meeting with or making new friends. The outdoor fire-pit is central to the dramatically lit landscaping and circular drive. 12 REASONS TO MAKE THIS BUSINESS OPPORTUNITY YOUR NEXT CAREER/LIFE MOVE 1. The business makes money: Last year, 15/16, the Owner's took somewhere north of $100K out of the business after the cost of doing business: all operating costs, loan servicing, taxes and staff costs. 2. Live and work in the Berkshires: Great Barrington is a fast-evolving "getaway" destination. The Briarcliff is part of the renaissance, and the area continues to add more and more hip retailers and restaurants month-by-month. It's an area on the up, especially with young people: great to live in, and do business in. 3. We have a unique offering: South County is where visitors want to be in terms of a jumping off point to recreation, culture, camps...etc. Accommodations offered in South County encompass chain motels and B&B's but nothing else that is hip/different like the Braircliff. 4. You can work in the business or on it: There is enough on the bottom-line to support a full time manager. The current owner's work about 35 hours a week. 5. Staff are in place: Currently there is a manager with almost twenty year's experience in hotels who covers when the Owner's are not present (including vacations), two evening desk staff who between them work all seven 5pm-10pm shifts (the office is closed at night) and two housekeeping staff who do 30-45 hours a week between them, depending on the season. 6. All the major work is done: In 2011, the current Owner's took the building back to the studs and replaced everything in the rooms, from carpets to showers. The landscaping was done in 2013/14 at a cost of around $70K: in 2016 they replaced all the front doors and back windows; installed a new water pressure tank and two new water heaters. 7. It's a true turnkey business: When the current Owner's bought the property they inherited two vacuum cleaners (both broken) and some unusable bed lines; there was no internet, no website or online reputation, no breakfast offering and no ancillary services. These Owner's will be leaving everything in place that is needed to run the business, from super-fast internet to nice breakfast china to a reliable plowing service. 8. There is forward business: The motel sells out summer weekend months in advance and like a B&B they now have customers who book for the next year as they are leaving. They have "regulars" all through the year from skiers to business people to Simon's Rock/Berkshire School parents. 9. They have a GREAT reputation: They were number one on TripAdvisor about three months into their tenure and maintain a healthy lead over the nearest competitor. The Briarcliff has been featured in the New York Times, The Washington Post on Good Morning America, in Travel and Leisure, among many others both here and overseas. 10. There is a totally private one-bedroom 800 sq. ft. apartment: Newly installed kitchen in 2011, living area with mountain view, private deck and two entrance/exits. 11. There is further expansion potential: The motel is currently solidly booked weekends 95% (Aug15-Oct16) and is currently working with a digital marketer to increase the weekday business. With six acres of grounds, there is opportunity to build more units or add outbuildings to promote conferencing/meetings etc. to suit your ideas. The current Owner's are actively exploring adding GLAMPING in the woods at the rear of the property. Permits are underway. 12. Location Location Location: With Monument Mountain hiking across the road, a massive gas fire-pit in the courtyard and great dining down the road...perhaps the Briarcliff is your destination. Sellers would offer training/handover of the business, post purchase if appropriate. Financials available upon request.

More Information MLS# 217455

Contract Information

Current Price: $1,265,000 Status: Closed List Date: 2016-11-04 Sold Price: $1,265,000 Original List Price: 1595000 Limited Service: No Agent Interest: None

Location Tax Legal

Registry: South Registry Street #: 506 Street Name: Stockbridge Street Ext: Rd State/Province: MA Postal Code: 01230 Map Ref: M:035.0 B:0000 L:0029.A

General Property Description

Realtor.COM Type: Commercial Sq Ft Liv Apx: 7100 Total # Bedrooms: 16 Total # Suites: 16 Total Full Baths: 17 Total Half Baths: 1 Total Bathrooms: 18 Parking Spaces Type: Off Street Year Built Apx: 1960 Year Built Source: Assessor Lot Square Footage: 258,746 Acres Apx: 5.94 Sq Ft Source: Assessor Betterment: No

Status Change Info

Status Change Date: 2017-10-03 Under Contract Date: 2017-09-22 Contingent: No Sold Date: 2017-10-03 Sold Price: $1,265,000

Bathrooms

# Full Bath: 17

Exterior Amenities

Other: OUTDOOOR FIREPIT

Property Features

Business Type: Hotel/Motel Underground Oil Tank: No Water: Private Well Detail: Drilled Sewer: Private Right to Farm Comm: Yes Condition: Recently Renovated Electric Type: Individual Meter; Other Internet Service: Cable Available Construction: Wood Frame Roof: Asphalt; Fiberglass Basement: Slab Features: Equipment; Fixtures; Furniture; Mailing List; Other; Years at Location Fuel: Electric Hot Water: Electric Lead Paint: Unk Zoning: Residential Seller Disc: No Financing: Conventional Possession: Close Of Escrow
Listing Office: BERKSHIRE PROPERTY AGENTS, LLC
Listing Agent: Deborah Levinson
Last Updated: October - 18 - 2024
Information from the Berkshire County Board of Realtors, Inc. or it's Multiple Listing Service. Site contains live data. Information herein believed to be accurate, but not warranted. All right, title and interest in the exclusively listed property information represented on this website was created, maintained and copyrighted by the Berkshire County Board of Realtors® and in copyrights therein, hall at all times remain vested in the Berkshire County Board of Realtors®. As a Participant of theBerkshire County Multiple Listing Service, this company was granted a lease to use this information in accordance with all rules and regulations of the Service. This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.

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