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Accommodation & Food Services

Well-Established Pizza Restaurant In Prime Location

Vermont, USA
Listed 33 days ago

This well-established restaurant has been serving its customers for over 40 years. Located in one of Vermont’s premier resort communities, the business has established a strong loyal clientele of locals, visitors, and second homeowners. Over the past 4 years revenue has averaged approximately $740K resulting in cash flow to its owners of $300K.

Location

One of Vermont's premier resort communities.

Employees

3FT, PT Varies

Real Estate

Real Property Included

Management Type

This business is owner operated.

Premises Details

The business operates out of an approximate 4,200 square foot building situated on an 0.69+/- acres. The building is owned by the seller through a separate LLC and owner is willing to enter into long-term lease with a buyer or entertain offers to purchase the property.

Support & Training

Sellers will assist in the transition and train new owners as well as enter into a non-competition agreement.

Expansion Potential

There is substantial demand in the market to support organic growth within the business simply by expanding current hours and reducing the number of weeks in which the business is closed. With a prime location in a growing market, there is also opportunity to change the dining concept or add breakfast service which would satisfy growing demand.

Size In Square Feet

4,200 Sq. Ft.

Competition / Market

Customer base includes locals, visitors and second homeowners. There are 2 other pizza restaurants in the immediate area and the owner estimates the restaurant represents approximately 45% of that market with its competitors accounting for 35% and 20%, respectively.

Reason for Selling

Owner is nearing retirement age.

Financials

Asking Price
$600K
RevenueMost Recent Year
$740K
Earnings (SDE)Last Reported
$300K
Assets ValueNot Included in Asking Price
$75K
Seller Financing
Not available

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