Price Reduced 5.13 %

Listing courtesy of Dick Palmer, Hospitality Consultants, LLC Phone: 802-293-5007


Price History

$975,000
5/27/2021

$925,000
6/24/2021


182 US Route 4, Rutland Town, VT, 05701

182 US Route 4, Rutland Town, VT, 05701

1970

3,600 sqft

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%. It is also customary for a new owner to pay dollar for dollar for the inventory at time of closing.


Status:

Active

Type:

Commercial

Units:

1

Zoning:

comm

Frontage:

100

Heating:

Baseboard

Cooling:

Central AC

Parking:

Off-Site, Parking Spaces 21+, Unassigned

Acreage:

1.19

Est. Taxes:

$7,565

MLS #:

4863200


Community Info

Walk Score

Mass Transit

Yelp