Location, Location, Location-- Church Street Marketplace Restaurant

Burlington, VT (Chittenden County)

Lounge area

Asking Price:$189,000

Cash Flow:N/A

Gross Revenue:$800,000

EBITDA:N/A

FF&E:$500,000

Inventory:$5,000*

Rate/Sq. Ft.:N/A

Established:2010

*not included in asking price.

Location, Location, Location-- Church Street Marketplace Restaurant

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Business Description

This is a very rare opportunity for an energetic active owner operator to take the reigns of a practically turn-key gorgeous restaurant facility at a price significantly below replacement value. This location has a very long history of food service success and it is ripe for a new restaurateur to put his/her own personal stamp on the facility. Incredibly well furnished and equipped, and in one of the City's best locations!!

Because of health issues, the seller is very motivated and will consider all reasonable offers.

Attached Documents


Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building Sq. Ft.:
1,580
Lease Expiration:
N/A
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Spectacular ground floor retail exposure on Burlington's award winning Church Street Marketplace! Completely renovated in 2010, this restaurant features a fully equipped modern kitchen, inside seating of 80, and additional seasonal outdoor seating of 40+. Located on arguably one of the best corner locations in the State, the business enjoys superior visibility at Church & Main Streets in Burlington's Central Business District. The current owner has made a very significant investment in creating a welcoming atmosphere with an asset base that is capable of supporting most any type of theme.
Competition:
Burlington has become a well recognized "foodie" haven, with a number of fine dining establishments in the area. This is a perfect hands-on owner/operated opportunity in a location that is second to none. Its close proximity to Vermont's iconic cultural icon, the Flynn Theater, its walking distance to over 12,000 college students, and its signature location give the business a huge advantage over many of the other area restaurants. Expansion of business hours (the restaurant is currently serving one meal period five days per week), promotion of private events, catering, and a new venue are all logical paths for future growth.
Support & Training:
Negotiable
Reason for Selling:
Health issues

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Tony Blake

Business Listed By:
Tony Blake

V/T Commercial

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