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Vermont Inn & Restaurant - Real Estate Included
Location Vermont,United States
Asking Price Range $500K - $1.0M
Gross Revenues $352000
Net Profit / Cash Flow $75000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1900
Number of Employees 10 - 19
Relocatable No
Number of Employees 10 - 19
Real Estate Owned
Training Seller will provide training
Reason for Sale Other interests
Description Price reduced to $845,000!
This is a beautiful Inn & Restaurant located south of the Burlington, VT area. The Inn has been 90% restored with all building systems brand new - heating, self-contained sprinkler system, hot water heaters, etc. Most B&B's serve breakfast (this Inn does not), which is included in the room price, but this home features a full-serve restaurant that brings steady year-round income to the owner. The restaurant and tavern are something taken form a Norman Rockwell painting or from an episode of Cheers. Warm, friendly and inviting are how you would describe the atmosphere. The restaurant currently serves dinner only 5 days a week so don't worry about being tied down to running a restaurant serving 3 meals a day 7-days a week!
The Inn features just a handful of rooms that have been completely gutted and remodeled. Each room features a fireplace (not allowed to be used due to fire code), wonderful woodwork and flooring that has been restored to its original luster and decorated in that old-country charm, flat-screen TV's and free Wi-Fi. The home also features owner's quarters that has 3-bedrooms, 2-baths and just under 2,000 sq. ft. The Inn sits on more than 3-acres and has historical significance. Located in ski country and one of the most beautiful foliage areas around, this Inn & Restaurant will provide you with your escape from the hustle and bustle of life while delivering you the quality of life you deserve.
Most B&B's and Inns you'll look at have significant building and system issues that can cost hundreds of thousands to restore/replace. Most of the ''heavy lifting'' has been done (over $200,000 invested in systems/remodeling) so that with a few finishing touches and some attention to marketing you can grow the business for years to come.
If you're looking for a change in scenery and leaving the stress behind, then make Vermont your new home and enjoy a new quality of life that owning an Inn will bring.
Click Here To Contact Seller
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