Cafe Provence Restaurant In Picturesque Vermont-Mediterenian Menu

Asking Price$550,000

Cash Flow
$214,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$1,700,000

Inventory$17,000
Included in asking price
FF&E$214,000
Included in asking price
listing imageSave

Cafe Provence Restaurant In Picturesque Vermont-Mediterenian Menu


Asking Price$550,000

Cash Flow
$214,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$1,700,000

Inventory$17,000
Included in asking price
FF&E$214,000
Included in asking price
Business Description
Imagine being able to own a Mediterranean restaurant in a Vermont town that looks like it’s from a postcard!
After 20 years of building this very successful business, the chef is ready to retire – and you can step in to continue his legacy.
The menu is full of dishes made with locally sourced (and VERY fresh) ingredients, from vegetables, meats and dairy to their own garden-grown herbs.
Customers love them and the ratings show it, with 4.4 stars on Google and OpenTable and 4.5 stars on TripAdvisor.
The beautifully decorated restaurant seats 85 inside and an additional 75 outside under the awning-covered patio. There is ample parking both on the street and in the lot behind the restaurant.
There is a full bar on the lower level along with a classroom where the chef offers cooking classes and space functions and for catering, which is on hold for now – but could easily be revived by the new owner.
This really is a turnkey opportunity. The carpet, tables and chairs are almost new, having been replaced during COVID. The equipment is all in excellent condition and even includes a new pizza oven. There is no pending CAPEX.
If you have strong restaurant experience and love the idea of living and working in a quaint Vermont town, this just might be the opportunity you’re looking for!

Please Note that this business is owner operated and most likely not a fit for absentee ownership.

Financials
Purchase Price: $550,000
Cash Flow: $214,000
Gross Revenue: $1.17M
Inventory: $17,000+/- (included in the purchase price)
FF&E: $214,000
Real Estate: $4.700/month lease, NNN
Employees: 3 FT, 18 PT, plus contractors
Founded: 2004
Days Open: 5 (closed Monday & Tuesday)
Reason for Sale: Retirement
Opportunities for growth: Resume catering services. Open 7 days.
Training: The seller will assist with the transition.

*** PLEASE NOTE THAT THIS LISTING DOES NOT OFFER SELLER FINANCING***
About the Business
Years in Operation
21
Currently Relocatable
Yes
Opportunities for Growth
Resume catering services. Open 7 days.
Real Estate
Owned or Leased
Leased
Rent
$4,700.00 per month
About the Sale
Seller Motivation
Seller is seeking retirement.
Transition Support
Seller will support and train to ensure a smooth transition.
Listing Info
ID
2240249
Listing Views
3128

Contact Seller

By clicking the button, you agree to BizQuest's Terms of Use and Privacy Notice.

Business Listed by: Charlie MacPherson Inbar Group Inc - Business Brokers and M&A

Listing ID: 2240249 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


Similar Listings