Profitable restaurant with valuable real estate in prime location
Business Description
Serving an affluent and growing community for nearly 50 years
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
- 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 is included with the sale of the business. Property was recently appraised at a conservative $1.0 million.
- 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 prime real estate in a growing market, there is also oan pportunity to change the dining concept or convert the property use for another business venture.
Real Estate
- Owned or Leased
- Owned
- Not included in asking price
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
- 2408769
- Listing Views
- 77
Listing ID: 2408769 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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