Beautiful Vermont Restaurant Property - For Sale

Ludlow, VT (Windsor County)

Beautiful Vermont Restaurant Property - For Sale
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Asking Price: $925,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: N/A

Established: 2008

Beautiful Vermont Restaurant Property - For Sale

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Business Description

Property For Sale

We own a fabulous piece of property in Ludlow, VT, that includes a beautiful restaurant, salon, and residential tenant. It's located directly across from the Jackson Gore entrance to Okemo Mountain that was recently purchased by Vail Properties. As the owner of the property, we do not have access to Tenant revenues or sales, but the property is being sold with a cap rate of 8%. That's an 8% return on a great piece of property in a fantastic location.

The restaurant seats 125+ people inside with additional picturesque patio and fire pit seating outside, and is currently occupied by Tavola Italiano, an Italian Restaurant.

We own the restaurant and all the equipment and decorations in the restaurant. Right down to the knives and forks. And all of this is included in our selling price.

The restaurant was owned and operated by Harry's Café for the past 5 years. Interior and exterior photos can be viewed at VERMONTOKEMORESTAURANT.COM.

Attached Documents


Detailed Information

Location:
Ludlow, VT
Real Estate:
Owned
Building SF:
6,800
Facilities:
If you are interested in purchasing the property, it includes the 4+ acres of land, the fully equipped 5200 sq. ft. restaurant, and a fully leased and income producing, 1600 sq. ft. quaint roadside building with a hair salon and a residential apartment. The hair salon and residential rents cover the real estate taxes and insurance for the entire property.
Growth & Expansion:
Okemo is one of the most modern and successful mountains in VT, and Ludlow is the only town at the base of a VT all season resort that includes: 2 Golf Courses, Skiing & Snowboarding, Tennis Courts, Indoor Ice Skating, Swimming & Fitness Center, Nordic Skiing, Mini Golf, Rock Climbing, Tubing, Zip Line Tours, and Mountain Coaster. Okemo Mountain was just purchased by Vail Properties. Everyone is expecting Vail to put a lot of money behind expansion and advertising to attract more people to the Mountain all year round.
Business Website:
http://vermontokemorestaurant.com
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Business Listed By:
Anthony Biancaniello

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