Well-Established Pizza Restaurant In Prime Location
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
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