Profitable restaurant with nearly 50 years in operation
Business Description
Consistent discretionary cashflow over $300K
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 3 years revenue has averaged approximately $750K resulting in cash flow to its owners of $300K.
About the Business
- Number of Employees
- 3
- Facilities & Assets
- 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.
- Market Outlook / Competition
- 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.
- Opportunities for Growth
- 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.
About the Sale
- Seller Motivation
- Owner is nearing retirement age,
- Transition Support
- Sellers will assist in the transition and train new owners as well as enter into a non-competition agreement.
Listing Info
- ID
- 2408776
- Listing Views
- 110
Listing ID: 2408776 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.
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