Long Standing Restaurant/Bar for Sale

Addison County, VT

Seller Financing Available

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Asking Price:$75,000
Inventory:$8,300
FF&E:$210,000
Gross Revenue:$785,000
Rent:$2,000
Established Year:2009
BUSINESS DESCRIPTION

Family owned restaurant for sale in a small Vermont community. Located along two well known travel corridors and just off the town's Main street this restaurant has had the same owner for 15 years. Well known within the community and surrounding area for great food, fun cocktails and live music. Owners are happy to work with new leadership to ensure a smooth transition and help with community support.


DETAILED INFORMATION
Location
Addison County, VT
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
3,500
Lease Expiration
01/09/2025
Employees
5
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The kitchen equipment and small tables and chairs were purchased in 2021. All inventory is included in the asking price. They have been operating for 15 years and have built up a fantastic following and goodwill within the community.
Competition
Within the city there are three other restaurants that offer dinner service. One is a fine dining restaurant, second is a casual pizza restaurant and the third is a small casual family restaurant. They are the only restaurant that offers an extensive bar, dining and live entertainment serving the greater community of over 10,000 people.
Growth & Expansion
The restaurant was open 5 nights a week recently so being open more days could be capitalized on. They are the only later night restaurant with bar within the immediate area offering Live Music, and Trivia on certain nights. In addition, there is an opportunity to expand into bar and food catering services. In addition, there is currently an 88 bed assisted living facility due to open in early 2025. This will bring an increased number of year round visitors to the town.
Support & Training
Negotiable/as needed. We will happily train and assist for a designated period.
Reason for Selling
The owner's interests have changed in the last few years. They now have a young
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Scott
Hardy
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Scott Hardy