The Bridge Restaurant on the shores of Lake Champlain VT

Addison, VT (Addison County)

Aerial Photo of Restaurant & Home
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Asking Price: $649,000

Cash Flow: N/A

Gross Revenue: $456,777

EBITDA: $44,103

FF&E: $15,000

Inventory: N/A

Real Estate: $550,000

Established: 1978

The Bridge Restaurant on the shores of Lake Champlain VT

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Business Description

Established Restaurant and Home on the Shores of Lake Champlain in VT

The Bridge Restaurant has been serving delicious food to locals and travelers to the Lake Champlain region since 1978. It is conveniently located on the corner of VT Route 17 and VT Route 125 less than a half mile from the Lake Champlain Bridge to New York State.

The business operates year-round and offers home-cooked meals for breakfast, lunch and dinner six days a week. The restaurant also carries a wide selection of beer and wine offerings. There is a seasonal take out window that operates from late Spring through Fall with exterior seating.

This long standing, extremely successful business generates an average of nearly $500,000 gross sales annually. There are opportunities to expand by adding to the current offerings and/or developing ancillary business lines to generate additional revenue. The current owner would like to relocate and is looking for a new owner to infuse energy into the business to bring it to the next level.

This opportunity INCLUDES: the restaurant building, land, AND the single family home on the same lot. The home can be used by a new owner or rented for additional income.

Detailed Information

Location:
Addison, VT
Real Estate:
Owned
Included in asking price
Building SF:
2,031
Employees:
6
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business operates on a highly visible corner lot in Addison, Vermont with great road frontage and exposure on VT Route 17 a main thoroughfare and VT Route 125. The business is within close proximity to Middlebury, Vergennes, and Westport & Ticonderoga NY. The property is a flat lot on the banks of Lake Champlain with water views and the Lake Champlain Bridge in the background. The property includes: the 2,031 sf restaurant and the adjacent 1,690sf single family home. Both buildings were constructed 1978 and are wood frame construction with wood siding and asphalt shingled roofs. The buildings are in very good condition and has been well maintained by the current owner since 1998. The home has been updated over the past 5-10 years and includes a front and rear deck and a hot tub. The .76 acre lot is flat and has a gravel parking lot that can accommodate 15-20 vehicles.
Competition:
The Bridge Restaurant has no competition within 5+ miles of their location and is the only full-service restaurant on the Vermont side of Lake Champlain for 10+ miles in either direction.
Growth & Expansion:
The location and the established reputation of this business provides a great foundation to not only compete in the existing market, but also offers the opportunity to expand offerings and services to capture additional revenue streams. There are also opportunities to expand and capture additional market share with increased marketing and advertising. The business has primarily relied on reputation and word of mouth marketing, supplemented with some general marketing and advertising efforts, and could benefit from additional advertising spending and further expansion and use of social media platforms.
Support & Training:
Seller will include transition assistance details and time commitment to be negotiated.
Reason for Selling:
Owner wishes to relocate.
Business Website:
http://thebridgerestaurantvt.com/
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Bryan Phelps

Business Listed By:
Bryan Phelps

Stonewell Properties, LLC

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