Cafe Provence Restaurant In Picturesque Vermont-Mediterenian Menu

Seller is retiring - Great Reputation

Imagine being able to own a thriving 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!
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.