MANCHESTER, VT

Successful from the days the doors opened 19 years ago and still going strong. This restaurant has it all; high volume, reasonable average check, key location with excellent traffic flow, attractive setting and atmosphere and it delivers consistent quality food to a loyal clientele. The restaurant is open for dinner only, 6 days a week and the gross sales will make you smile all the way to the bank. Franchising potential. This property is truly a going concern. Price Reduced to Sell $1,195,000.

Full 4 color detailed brochure only available to qualified buyers. Qualification and Confidentiality Agreement Required. Qualification package available upon request.

Tavern with Restaurant and Living Quarters plus Rental Apartment
and Barn

Located on 4.9 acres
with great highway exposure

Priced at only $392,000

The Tavern-Restaurant was built in 1812 as a residence. It is a typical design of the period; a central chimney colonial of post and beam construction with original wide board floors. The bar and tavern dining rooms are charming with exposed hewn beams and original fireplaces.

The restaurant is licensed for 42 seats and is well equipped with a commercial kitchen and storage areas. The second floor, 1,200 square feet, provides a large owner’s quarters with 3 bedrooms, office, living room with fireplace, hall with fireplace, bath and laundry. In recent years, due to health, the owners have reduced operating hours to 20 hours a week during winter and spring and 24 hours a week during summer and fall.

A large deck provides for outdoor seating during warmer weather.

The owner of this property is retiring after 15 years of successful operation! The building was transformed in the late 1980's from a neglected hotel to its present use as a restaurant and banquet facility with two rental apartments and possible owner's quarters. It is an historic building which has been utilized as a lodging establishment and restaurant since the 1890's. The restaurant is tastefully decorated with a small full service bar, attractive dining room, and commercial kitchen. There are two sets of rest rooms, a small banquet room, a large banquet room with dance floor, service bar, prep or banquet kitchen and office, all on the first floor and handicapped accessible. The restaurant is being sold turnkey with all the furniture, fixtures and equipment in place with the exception of a few personal items belonging to the owner.

The second floor has two one bedroom rental apartments with stable tenants providing consistent additional income. The third floor has the potential for owner's quarters with living room, dining room, kitchen, bath and 5 bedrooms; or for possible use as a third rental unit. The property is located on the town green 7 miles from Jay Peak, a major ski mountain in Northern Vermont. The Canadian Border is about 1 mile to the north. Priced to sell at $375,000 which includes the real estate and furniture, fixtures and equipment.

Historic Building At Busy Crossroads

This historic property was most recently operated as a restaurant with a successful reputation until the owner passed away in the mid 1990's. Before that, it was also operated as an inn. The property contains 1.01 acres of land and the building contains 8,700 square feet on three floors plus a basement which was used for storage and as a bakery. Although it has been vacant for many years, it remains as it was when it was closed. Tables are set for guests and furniture and fixtures, including kitchen equipment are included in the offering price.

The building includes three small dining rooms, an atrium dining room, entry, reception area, kitchen, office, four public restrooms and one employee rest room on the first floor; a large banquet room with dance floor and service bar and two more rest rooms at the rear of the second floor with three former guestrooms with private baths and four offices in the front section of the second floor. The third floor has a large bedroom, bedroom or living room and bath with shower.

The location is within half a mile east of Exit 8 of Interstate 91 on the northeast corner of Routes 5 and 131 in Ascutney, Vermont. The property exhibits some deferred maintenance which is mostly cosmetic on the exterior and on the first floor. However, leaks in the roof over the intervening years have caused some water damage to ceilings and walls on the second and third floors. The roof was replaced within the past two years.

This property, most recently licensed for 88 seats but formerly licensed for 200 seats, presents an opportunity for an energetic chef/owner to bring the property back to its former glory for a reasonable investment and have large owners quarters for a family on the second and third floors. In addition, owner financing is available with 30% down payment.

The 1799 Ascutney Inn is being offered for $300,000 including all furniture, fixtures and equipment present on the premises. The offering is being made 'as is'.