Price Reduced 5.13%
Listing courtesy of Dick Palmer, Hospitality Consultants, LLC Phone: 802-293-5007
Price History
$975,000
5/27/2021
$925,000
6/24/2021
182 US Route 4, Rutland Town, VT, 05701
1970
3,600 sqft
Very fast paced operation, not uncommon to have waiting lines for up to an hour on Saturday and Sundays. High Volume, High Quality Food, Very loyal local Clientele, Frequented by Tourists as well. Licensed for up to 100 seats. Despite the volume, this is one of the most immaculate kitchens in Vermont. The owners have very high standards not only with their food, service, it also includes their building, inside and out. The restaurant building contains 3,600 sq ft and situated on 1.19 acres with highway frontage, plenty of on site parking. It helps if a new owner is a Chef and has high volume experience. The numbers support the price. Seller request Buyers to sign a Confidentiality Agreement and provide financial information to prove their ability to purchase before we can release the financial information. Required minimum down payment by Banks is 20% to 30%. It is also customary for a new owner to pay dollar for dollar for the inventory at time of closing.
Status:
Active
Type:
Commercial
Units:
1
Zoning:
comm
Frontage:
100
Heating:
Baseboard
Cooling:
Central AC
Parking:
Off-Site, Parking Spaces 21+, Unassigned
Acreage:
1.19
Est. Taxes:
$7,565
Construction
Block Exterior,Brick Exterior
MLS #:
4863200