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Courtesy of Derek Greene of Derek Greene.

3757 Richville Road

Manchester, VT 05255
  • $1,500,000
  • STATUS: Active
  • ON SITE: 69 Days
  • MLS #: 4922593
UPDATED: 18 min ago
$1,500,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,500
    SQFT
  • $273
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1986
County:
Area:

School Ratings & Info

Description

Earth & Sea, a wholesaler and retail purveyor of fine quality seafood is being offered for sale. This company has had continuous growth and profitability for over 35 years. The company, established by its present proprietor will offer the new owners a 20% CAP rate. The customer list transfers with the sale, which includes restaurants and retailers in Burlington, western New Hampshire, Albany, Vermont ski areas, and the Saratoga region. There are over 150 active customers, 80% being restaurants, 20% retail locations. The on-site retail store constitutes 15% of the gross sales. Equipment includes a modern fleet of seven delivery and transport trucks, high-quality processing equipment, office and retail fixtures. Owner will agree to a noncompete clause and continue on as an employee to mentor the new management if desired. The company operates in a leased facility and has recently executed a new 10 year lease. There is an opportunity to purchase the complex, along with the business. The combined cost of the building and the business would be 2,750,000. The combined offering will result in a 13.25% CAP rate.

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© Copyright 2022 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 2022-10-05T12:06:28.56.
www.livingvermont.com/homes/131303510
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3757 Richville Road Manchester, VT 05255

  • Price: $1,500,000
  • Status: Active
  • On Site: 69 Days
  • Updated: 18 min ago
  • MLS #: 4922593
0
Beds
0
Baths
0
½ Baths
N/A
Acres
5,500
SQFT
$273
$/SQFT
1986
Built
Neighborhood:
Manchester
County:
Bennington
Area:
Manchester
Property Description
Earth & Sea, a wholesaler and retail purveyor of fine quality seafood is being offered for sale. This company has had continuous growth and profitability for over 35 years. The company, established by its present proprietor will offer the new owners a 20% CAP rate. The customer list transfers with the sale, which includes restaurants and retailers in Burlington, western New Hampshire, Albany, Vermont ski areas, and the Saratoga region. There are over 150 active customers, 80% being restaurants, 20% retail locations. The on-site retail store constitutes 15% of the gross sales. Equipment includes a modern fleet of seven delivery and transport trucks, high-quality processing equipment, office and retail fixtures. Owner will agree to a noncompete clause and continue on as an employee to mentor the new management if desired. The company operates in a leased facility and has recently executed a new 10 year lease. There is an opportunity to purchase the complex, along with the business. The combined cost of the building and the business would be 2,750,000. The combined offering will result in a 13.25% CAP rate.
Exterior Features

Construction AluminumInsulation-Foam/ClkairslMasonryMetal Exterior AluminumCement Lot Description LandscapedLevelRiverRiver FrontageStreet Lights Parking On-SiteParking Spaces 21+ Railroad Available Yes Road Frontage Yes Road Frontage Length 200 Roof Membrane Total Drivein Doors 1 Total Loading Docks 3 Transport Access City StreetMajor Road Access

Interior Features

Basement No Ceiling Height 14 Dock Height 54 Door Height 12 Equipment Co DetectorSecurity SystemSmoke DetectorSmoke Detectr-Hrdwrdw/BatSprinkler System Foundation ConcretePoured Concrete Sq Ft Total Building 12500 Sq Ft Total Source Appraiser Total Elevators 1

Property Features

Accessibility Features Access Common Use AreasAccess Parking Area Description Business DistrictCommercial ZoningIn TownIndustrial ParkNear ShoppingNear Public TransportatnNear Railroad Commercial Features Fire SystemFurniture IncludedPhone SystemSecurity SystemSmoke/Heat DetectorsProgrammable ThermostatIn-Unit Bathroom Electric 200 Amp220 Volt3 PhaseCircuit Breaker(S) Heat Fuel Gas - Lp/Bottle Investment Info Yes Items Excluded Inventory On Hand Natural Gas Available Unknown Pre Construction No Railroad Provider Vt Railroad Sale Includes Business OnlyEquipment Sewer Public Span Number 37511612183 Sprinkler Wet Sub Property Type BusinessRetail Surveyed Yes Tax Gross Amount 14455 Tax Year 2022 Utilities CableGas - Lp/BottleHigh Speed Intrnt -Atsite Vacant Land No Water PublicPurifier/Soft Zoning ComclIndslLmtd Retail

Courtesy of Derek Greene of Derek Greene: [IDXCONTACTINFORMATION].


© Copyright 2022 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 2022-10-05T12:06:28.56.
 
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