Asking Price: $295,000 Gross Revenue: Not DisclosedCash Flow: Not DisclosedEBITDA: Not DisclosedInventory: Not Disclosed FF&E: $50,000 included in asking priceReal Estate: $295,000 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
Countryman's Pleasure is a well-established 105-seat restaurant serving the Killington-Rutland, Vt, region. Killington is the largest US Ski Area east of the Rocky Mountains. And this restaurant enjoys year-round repeat business from both in and out of state. Located directly off US Route 4 near a Best Western Motel with extensive on-site customer parking, its recently improved & well-maintained building offers casual fine dining on a hill setting bordered by stone walls and landscaped gardens. It's attractive main floor dining areas and walk-in lower level dining for large parties comprise an efficient floor plan. Special features include: a hand-crafted European brick tavern with Butternut ceilings and wooden counters, and cozy dining with the ambiance of a wood and gas fired stove. Beautifully maintained and in turn-key condition, this is an exceptional opportunity to own a well established restaurant on 1.5 acres with land area to construct a residence, subject to permitting.
About the Business
Number of Employees:
A beautiful Period Farmhouse built in 1877, and carefully renovated over the years with a total of 3,219 sq. ft. of finished area. Nicely situated on 1.5 acres with ample parking for 40+ cars. Included in sale are a fully equipped kitchen and 3 fully furnished dining rooms, plus a beautiful oak-trimmed bar. New Roof in 2015-16. Business office upstairs, main dining rooms and kitchen are on the main floor, and a private dining room for groups of up to 30 is on the walk-out ground floor. Property has an excellent drilled water well. And although served by an on-site waste water system engineered for the licensed seating , Owner paid for a dedicated hook-up man-hole and installed infrastructure should he or a subsequent owner choose to connect to the Alpine Pipeline sewer line that runs along US Route 4, just 100 yards north of the restaurant. Address: 63 Town Line Rd, Mendon, VT 05701
Technically, in the Town of Mendon, near the town line of Rutland, the Countryman's Pleasure is one of the top 10 restaurants in the greater Killington - Rutland Area (a 12-mile radius).
Growth & Expansion:
Current owner has cut back to a seasonally adjusted 3- or 4-day a week operation from being open 6 days in earlier years. Hans has been chef-owner for over 30 years. A new, younger owner will undoubtedly have the energy and modern marketing knowledge to expand revenue beyond what Hans did in his Hay-Days.
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the seller or a business broker representing the seller. BizQuest has no interest
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