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182 Us Route 4

Rutland Town, VT 05701
  • $975,000
  • STATUS: Active
  • ON SITE: 23 days
  • MLS #: 4863200
UPDATED: 40 min ago
$975,000
  • 0
    BEDS
  • 1.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,600
    SQFT
  • $271
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1970
County:
Area:

School Ratings & Info

Courtesy of Dick Palmer of Hospitality Consultants, Llc.

Description

Very fast paced operation, not uncommon to have waiting lines for up to an hour on Saturday and Sundays. High Volume, High Quality Food, Very loyal local Clientele, Frequented by Tourists as well. Licensed for up to 100 seats. Despite the volume, this is one of the most immaculate kitchens in Vermont. The owners have very high standards not only with their food, service, it also includes their building, inside and out. The restaurant building contains 3,600 sq ft and situated on 1.19 acres with highway frontage, plenty of on site parking. It helps if a new owner is a Chef and has high volume experience. The numbers support the price. Seller request Buyers to sign a Confidentiality Agreement and provide financial information to prove their ability to purchase before we can release the financial information. Required minimum down payment by Banks is 20%. It is also customary for a new owner to pay dollar for dollar for the inventory at time of closing.

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© Copyright 2021 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of NEREN. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2021-06-20T20:05:35.353.
www.livingvermont.com/homes/117633967
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182 Us Route 4 Rutland Town, VT 05701

  • Price: $975,000
  • Status: Active
  • Updated: 40 min ago
  • MLS #: 4863200
0
Beds
0
Baths
0
½ Baths
1.19
Acres
3,600
SQFT
$271
$/SQFT
1970
Built
Neighborhood:
Rutland Town
County:
Rutland
Area:
Rutland Town
Property Description
Very fast paced operation, not uncommon to have waiting lines for up to an hour on Saturday and Sundays. High Volume, High Quality Food, Very loyal local Clientele, Frequented by Tourists as well. Licensed for up to 100 seats. Despite the volume, this is one of the most immaculate kitchens in Vermont. The owners have very high standards not only with their food, service, it also includes their building, inside and out. The restaurant building contains 3,600 sq ft and situated on 1.19 acres with highway frontage, plenty of on site parking. It helps if a new owner is a Chef and has high volume experience. The numbers support the price. Seller request Buyers to sign a Confidentiality Agreement and provide financial information to prove their ability to purchase before we can release the financial information. Required minimum down payment by Banks is 20%. It is also customary for a new owner to pay dollar for dollar for the inventory at time of closing.
Exterior Features

Exterior BlockBrick Lot Description Interior LotNeighbor Business Parking Off-SiteParking Spaces 21+Unassigned Road Frontage Yes Road Frontage Length 100 Transport Access PavedPublic TransportationState Highway

Interior Features

Basement No Cooling Central Ac Equipment Air Conditioner Heating Baseboard Sq Ft Total Building 3600

Property Features

Accessibility Features Access Parking Commercial Features Furniture IncludedPublic RestroomsIn-Unit Bathroom Electric 200 Amp Electric Company Green Mountain Power Fuel Company Suburban Propane Heat Fuel Gas - Lp/Bottle Natural Gas Available No Pre Construction No Project Building Name Johnny Boys Pancake House Sale Includes EquipmentLand/Building/Business Sewer Public Span Number 543-171-10003 Sub Property Type BusinessHospitalityRetail Sub Property Type Use Business W/ Real EstateFood ServiceFree Standing Building Tax Gross Amount 7565 Tax Year 2021 Taxes Tbd No Utilities Cable - At SiteGas - Lp/Bottle Water Public Zoning Comm

Courtesy of Dick Palmer of Hospitality Consultants, Llc.


© Copyright 2021 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of NEREN. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2021-06-20T20:05:35.353.
 
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RE/MAX North Professionals
553 Roosevelt highway suite 200
Colchester VT, 05446
Courtesy of Dick Palmer of Hospitality Consultants, Llc.