This well-established restaurant has been serving its customers for over 40 years. Located in one of Vermont’s premier resort communities, the business has established a strong loyal clientele of locals, visitors, and second homeowners. Over the past 4 years revenue has averaged approximately $740K resulting in cash flow to its owners of $300K.
- Asking Price:
- $600,000 Inventory / Stock included
- Sales Revenue:
- $740,000
- Cash Flow:
- $300,000
Property Information
- Real Estate:
-
Real Property Included
- Location:
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One of Vermont's premier resort communities.
- Premises Details:
-
The business operates out of an approximate 4,200 square foot building situated on an 0.69+/- acres. The building is owned by the seller through a separate LLC and owner is willing to enter into long-term lease with a buyer or entertain offers to purchase the property.
- Size in square feet:
- 4,200 Sq. Ft.
Business Operation
- Management type:
- This business is owner operated.
- Expansion Potential:
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There is substantial demand in the market to support organic growth within the business simply by expanding current hours and reducing the number of weeks in which the business is closed. With a prime location in a growing market, there is also opportunity to change the dining concept or add breakfast service which would satisfy growing demand.
- Competition / Market:
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Customer base includes locals, visitors and second homeowners. There are 2 other pizza restaurants in the immediate area and the owner estimates the restaurant represents approximately 45% of that market with its competitors accounting for 35% and 20%, respectively.
- Reasons for selling:
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Owner is nearing retirement age.
- Employees:
- 3FT, PT Varies
Other Information
- Support & training:
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Sellers will assist in the transition and train new owners as well as enter into a non-competition agreement.
- Furniture / Fixtures value:
- $75,000
