Saddleback Mountain is quiet earlier this month as the ski resort remains closed. The mountain may open later this month as the loose ends of a sale are tied up.

Saddleback Mountain is quiet earlier this month as the ski resort remains closed. The mountain may open later this month as the loose ends of a sale are tied up. Staff photo by William Stewart

RANGELEY — Saddleback’s owners have agreed to sale terms with a buyer for the ski resort, and the parties are completing paperwork to finalize the sale, according to the company.

In a post on its Facebook page Friday, Saddleback Mountain said the Berry family and the prospective buyer were in agreement on terms and “now it’s just down to finishing the complicated paperwork … so we can get down to important things like working on the hill!” It said there would be another update on the sale next week.

The company has primarily used Facebook to communicate updates about the sale.

Last month, Saddleback said its owners, the Berry Family of Farmington, and the new owner were confident they would have an agreement in place and be ready to open by late January. Dec. 19 is the mountain’s traditional opening day.

Saddleback’s future has been in question since last July, when the company announced it would have to cease winter operations if it could not get $3 million in financing to replace an aging main chairlift.

In October the company said it had exhausted all financing options, but was in “serious” talks with a prospective buyer.

The 4,120-foot mountain is popular with local and visiting skiers and riders and is one of the largest employers in Franklin County.

The chairlifts at Saddleback Mountain are empty and unused as the ski resort remains closed. The mountain may open later this month as the loose ends of a sale are tied up.

The chairlifts at Saddleback Mountain are empty and unused as the ski resort remains closed. The mountain may open later this month as the loose ends of a sale are tied up. Staff photo by William Stewart