Dockside Landing Marina, Hague, NY is changing hands, having been purchased by a private ownership group led by Phillip K. Whittemore, now retired from Whittemore, Dowen & Ricciardelli CPAs.
Management will remain the same and the management team will become part owners, according to the terms of the sale.
The business, located on the northern end of Lake George, on lake Shore Drive, Hague, offers seasonal boat rentals, boat service and repairs, a small retail store, a luxury condo rental above the store, and a boat storage facility just north of the marina.
The purchase price is being held confidential.
According to the ownership terms, the property and management will remain the same under the current leadership of Scott Olson, Rich Stolen, and Stephanie Kemenczy. Olson and Stolen will now own 25 percent of the business.
The incoming, new ownership group comprised of hospitality veterans Paul Bricoccoli Jr., Scott Endieveri, and Jason and David Krogmann (The Bullpen Tavern, Talk of the Town, and formerly, The Horseshoe Inn) will now own 75 percent of the business.
“This opportunity came about after some casual discussions with our accountant,” Phil Whittemore, said Bricoccoli. “We’ve always tried to put money back into our businesses and sock some away for anything that might come up. As we started looking at this opportunity a bit closer, the timing felt right and it made good business sense.”
“Growing up here, we’ve always loved the lake, so the opportunity of owning this lakefront property is just an awesome thing for us personally,” said Endieveri. “All of Lake George is beautiful but the northern end in particular is not quite as developed, so it’s just that much more pristine.”
Said Krogmann, “The business has done really very well over the last few years. Boat rentals have been up, even last season with a stretch of cold, rainy weather. The rental upstairs is booked for the whole season. Every year, the former owners had put aside funds for capital improvements which we plan to continue doing as well. There is a second building above the docks right now that is being used for storage. That second building has good potential to be developed into something more.”
Whittemore said Dockside Landing Marina “was a good investment that I am thrilled to pass on to successful, local entrepreneurs like Paul Bricoccoli, Jason Krogmann, Dave Krogmann, and Scott Endieveri. I think their teaming up with Rich Stolen and Scott Olson will take the marina to the next level. I wish them all many prosperous years ahead.”
“This is a new adventure and there will be somewhat of a learning curve for us this summer but we’re very excited to work with Scott, Rich, and Stephanie who will continue to lead the day-to-day operation and keep us on our toes,” concluded Bricoccoli Jr.
The on-site condo features two bedrooms, a den, one-and-a-half baths, a full kitchen, living room, dining area, a natural stone fireplace, washer and dryer, dishwasher, fresh linens and towels and WIFI.
The marina website is www.lakegeorgeboats.com.
The phone number is 518-543-8888.