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Growth Conversion Opportunity In Central Vermont For Sale

Central Vermont, Vermont, US
Asking Price:
$497,000
Sales Revenue:
$1,500,000
Cash Flow:
$333,000

Fine dining restaurant located in the heart of an affluent and picturesque town in Central Vermont. This established concept provides a high-quality customer experience with a great customer feed and an existing relationship / reciprocal from a local hotel nearby. This is an excellent growth opportunity, or an easy conversion opportunity to your existing concept! 100 plus covers on a Friday & Saturday night with 30 to 40 on Tuesday to Thursdays. A long-standing customer base makes this restaurant the heart of the surrounding communities and tourist location.

PARKING: Street parking – 3 dedicated spaces for employees
EQUIPMENT: The equipment is in excellent condition and has been well maintained.
LEASE TERM:4 years remaining with one (1) five-year option
BASE RENT: $6,000 per month
CONCEPT: American Fine Dining Restaurant
SIZE: 3,200 square feet
SEATS: 125 inside, 20 outside
HOURS: Open for dinner 5 days per week
LICENSES: Full Liquor License
SALES: $1,500,000 in 2022

ASKING PRICE: $497,000 (For the Business)

Property Information

Real Estate:

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