MLS Number 4689822
- Year Built 1940
- Acreage 2.7
- NOI 150000
Profitable and well developed food service operation in Manchester Vermont. A robust 3 year average growth rate of 6.2% beats the 3 year 5.2% average growth of the $32,000,000 Manchester restaurant market. The business assets include all equipment, furnishings, fixtures, electronic systems, intellectual property & trade names. Allocated value of the business less current assets is $200,000 in relation to normal cash flow from operations of $150,000. The real estate allocation of $600,000, vs assessed value of $758,500, consists of 4,878 square feet of good condition finished space upon 2.7 acres with 3 entry points to 50 parking spaces. The 125 seat restaurant property includes a 65 KW solar farm, vegetable garden for fresh produce, and bee hives. High visibility location that works well as is but can easily accommodate significant modifications. After 15 years of producing excellence and the kids now done with college, Dina and Henry are ready to pass on their fine operation. A full systems strong performer within a solid growth market makes this an exceptional opportunity for young professionals seeking a good income and truly great place to live.
Listed by Paul Hardy of VTCRE Solutions