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Homestyle Restaurant 119 Main St

8 Room Hostel Ludlow, VT 05149 $1,950,000 ($243,750/Room)

Investment Highlights

  • #1 Restaurant in Ludlow VT, home of OKEMO SKI RESORT
  • Successful Operating Restaurant with additional upside revenue possibilities
  • Pride of Maintenance throughout

Executive Summary

Rated #1 restaurant in Ludlow, VT.

Property Facts

Price $1,950,000
Price Per Room $243,750
Sale Type Investment
Sale Conditions Business Value Included
Property Type Hospitality
Property Subtype
Hostel
Building Class B
Lot Size 0.26 AC
Building Size 3,743 SF
No. Rooms 8
No. Stories 3
Year Built/Renovated 1835/2020
Corridor Interior

Amenities

  • Restaurant
  • High Speed Internet Access
  • On-Site Bar
  • Boutique/Lifestyle Hotel
  • Public Access Wifi

About 119 Main St , Ludlow, VT 05149

Trip Advisor’ #1 Rated restaurant in Ludlow, VT A turnkey, four-season business ready for any restaurateur, hotelier or investor looking to own a year-round cash-flowing mountain town destination from afar or operate it themselves. Homestyle Hotel is located smack dab in the middle of the touristy hustle and bustle of Okemo Mountain’s main street in Ludlow, VT, and less than a mile from the main ski lodge. Zoned/licensed as a restaurant and hotel since 2014 but currently operating solely as “one of the Okemo Valley’s best-reviewed and most-booked restaurants” since converting all lodging rooms to dining rooms during the pandemic. Currently operates dinner service four days per week (4pm-9pm), 44 weeks per year. First level features a full bar and main dining room, upgraded commercial kitchen; second level has additional five private dining rooms; and outdoor “al fresco” dining on the wraparound porch adds extra ambiance May-October. Typical weekends are fully booked, serving 120-180 people per evening with an average waiting list of 50-600 people per night. Offers new owners the best of both worlds: A proven, consistent cash-flowing restaurant enterprise, plus opportunities to enhance and/or expand across event, meeting and lodging revenue streams. $1,950,000.00* price includes updated 5,000+-sq.-ft. building on 0.26 acres plus all business equipment, assets, trademarks, promotion/web site platforms and customer databases. The possibilities at Homestyle are numerous, from expanded food service, catering, special events and more—bring your imagination and step right into a successful business ready for its next owner. *Serious, funded inquiries only. All prospects will be asked to fill out the Prospect Information Package and provide proof of funds before the Sellers will all the financials to be release. Thank you for your understanding.

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 8 $175.00 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
363-112-10001
Land Assessment
$140,000
Improvements Assessment
$283,400
Total Assessment
$423,400

zoning

Zoning Code Village Commercial
Village Commercial
  • Listing ID: 33829071

  • Date on Market: 11/11/2024

  • Last Updated:

  • Address: 119 Main St, Ludlow, VT 05149

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