$ 925,000
182 US Route 4 Rutland Town, VT 05701
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Listed by Dick Palmer • Hospitality Consultants, LLC
$ 925,000
Est. payment | /mo
3,600 SqFt
$ 925,000
Est. payment | /mo
3,600 SqFt
Key Details
Property Type Commercial
Sub Type Business,Hospitality,Retail
Listing Status Active
Purchase Type For Sale
Square Footage 3,600 sqft
Price per Sqft $256
MLS Listing ID 4863200
Year Built 1970
Annual Tax Amount $7,565
Tax Year 2021
Lot Size 1.190 Acres
Acres 1.19
Property Description
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.
Location
State VT
County Vt-rutland
Area Vt-Rutland
Zoning comm
Interior
Heating Gas - LP/Bottle
Cooling Central AC
Inclusions Equipment, Land/Building/Business
Equipment Air Conditioner
Exterior
Garage Off-Site, Parking Spaces 21+, Unassigned
Garage Description Off-Site, Parking Spaces 21+, Unassigned
Utilities Available Cable - At Site, Gas - LP/Bottle
Building
Sewer Public
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Nancy Liberatore
Broker-Owner