Thriving Mediterranean Restaurant in Picturesque Vermont Town – Turnkey Opportunity!
Price
$550,000
Location
Vermont
Industry
Food and Restaurants
Listing ID
CM5152024
Imagine being able to own a thriving Mediterranean restaurant in a Vermont town that looks like 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. Customers love them and the ratings show it with 4.4 stars on Google and OpenTable, plus 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 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 Financials are seller-provided and not audited by Inbar Group, Inc.
The menu is full of dishes made with locally sourced (and VERY fresh) ingredients, from vegetables, meats, dairy to their own garden grown herbs.
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.
Seller is seeking retirement
Seller will train and support to ensure a smooth transition.
Resume catering services. Open 7 days
"*" indicates required fields
Price: $550,000
Location: Vermont
Industry: Food and Restaurants
Listing ID: CM5152024
Imagine being able to own a thriving Mediterranean restaurant in a Vermont town that looks like 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. Customers love them and the ratings show it with 4.4 stars on Google and OpenTable, plus 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 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 Financials are seller-provided and not audited by Inbar Group, Inc.
The menu is full of dishes made with locally sourced (and VERY fresh) ingredients, from vegetables, meats, dairy to their own garden grown herbs.
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.
Gross Revenue: $1,700,000
Cash Flow: $214,000
FFE: $214,000 (Included in price)
Inventory: $17,000 (Included in price)
Reason for Sale: Seller is seeking retirement
Training & Support: Seller will train and support to ensure a smooth transition.
Year Established: 2004
Employees: 3 FT 18 PT, Plus contractors.
Monthly Rent: 4700
Type of Location: Single location
Potential Growth: Resume catering services. Open 7 days
"*" indicates required fields
New York, NY 10001
Price
$550,000
Location
Vermont
Industry
Food and Restaurants
Listing ID
CM5152024
Imagine being able to own a thriving Mediterranean restaurant in a Vermont town that looks like 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, dairy to their own garden grown herbs.
Customers love them and the ratings show it with 4.4 stars on Google and OpenTable, plus 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 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.
Financials are seller-provided and not audited by Inbar Group, Inc.
Seller is seeking retirement
Seller will train and support to ensure a smooth transition.
Resume catering services. Open 7 days
Main Office
Administration and Mail
209 West 29th Street
Suite 318
New York, NY 10001
Phone: 212-473-5000
Connecticut Office - Hartford
1245 Farmington Ave
Suite #302
West Hartford, CT 06107
Phone: 860-474-8000
Pennsylvania Office - Pittsburgh
1001 Liberty Ave, 5th Floor
Pittsburgh, PA 15222
Phone: (215) 461-5000
Pennsylvania Office - Philadelphia
Two Liberty Place
50 South 16th Street
17th floor
Philadelphia, PA 19102
Phone: 215-388-2334
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