Well established 53 year old Restaurant- 2019 total Renovation

Asking Price$1,400,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$1,648,000

Inventory$200,000
Included in asking price
FF&E$737,000
Included in asking price
Real EstateNot Disclosed

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Well established 53 year old Restaurant- 2019 total Renovation


Asking Price$1,400,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$1,648,000

Inventory$200,000
Included in asking price
FF&E$737,000
Included in asking price
Real EstateNot Disclosed

Business Description
Established Italian Restaurant - Historic Church Street Marketplace Location

This well-established Italian restaurant presents an exceptional opportunity for buyers seeking a profitable dining establishment in Vermont's premier tourist destination. Operating successfully for 53 years since 1973, this restaurant has built a loyal customer base and strong reputation in Chittenden County's vibrant marketplace.

Financial Performance:
- Annual Revenue: $1,648,000
- Cash Flow (SDE): $585,300
- Strong 35.5% profit margin demonstrates excellent operational efficiency
- Consistent revenue history spanning over five decades

Business Highlights:
- Prime location on Historic Church Street Marketplace
- Walking distance to five hotels with a sixth under development
- Surrounded by hundreds of newly constructed apartments
- Premium outdoor seating enhances customer experience
- Fully staffed operation with established team
- Cozy atmosphere attracts both tourists and locals
- Complete 2019 renovation ensures modern facilities and equipment

Assets Included:
- FF&E valued at $737,000
- Inventory worth $200,000 (included in asking price)
- Turn-key operation ready for immediate ownership transition

Location Advantages:
Situated in one of Vermont's most desirable commercial districts, the restaurant benefits from heavy foot traffic from hotel guests, local residents, and tourists exploring the historic marketplace. The growing residential development in the area ensures expanding customer base potential.

Ownership Transition:
Current owners are retiring after decades of successful operation, providing an opportunity for new ownership to continue this profitable legacy business. The restaurant's established systems, experienced staff, and prime location position it for continued success.

This represents a rare opportunity to acquire a profitable, fully operational Italian restaurant in an exceptional location with significant growth potential driven by ongoing area development.
About the Business
Years in Operation
53
Currently Home Based
Yes
Facilities & Assets
In 2019, the full kitchen and 1/2 the restaurant were totally renovated. Full furnishings included in the price. 2550 SF plus full basement. No on site parking available, parking garages nearby.

Market Outlook / Competition
Prime Location! Five Hotels (soon to be six) in walking distance. Hundreds of Apartments being newly built close by. Located on the Historic Church Street Marketplace. Premium outdoor seating available.
About the Sale
Seller Motivation
Owners want to Retire.
Transition Support
Please email us with your name and phone number, and what your plan would be for this restaurant/space, and any questions you may have. We will email or call you back.
Financing Options
We will not hold paper.
Listing Info
ID
2533659
Listing Views

Listing ID: 2533659 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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