Vermont Restaurants for Sale

Killington, VT
Hit the Ground Running

This is a rare opportunity for a fortunate buyer; a true situation of hitting the ground running. Price includes real estate, furniture, fixtures, equipment, business value, good will and the name.

MANCHESTER, VT

Make Us an Offer—
We'll Make a DEAL

Successful from the days the doors opened 20 plus 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.

The restaurant is licensed for 125 seats. The building is 4,500 sq ft and fully equipped for continued use as a restaurant. The site is 1.57 acres which is fully improved with lush landscaping and parking. Outside dining is offered in the warmer months. A few of the features of the restaurant is its hand crafted wood burning pizza oven, Honduras Mahogany antique Bar, player piano and over a $100,000 in memorabilia and antiques which are included in the sale. This is a great opportunity for someone with energy and wants to work in a fun atmosphere. Listed price, $995,000

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

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 with the approval of the proper authorities as well as renovations to accomplish it. 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. Sale includes the real estate and furniture, fixtures and equipment. Price reduced from $375,000 to $300,000 for quick sale—health forces owner to retire.

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'.