182 US ROUTE 4 Rutland Town, VT 05701 | Commercial Sale | Business, Hospitality, Retail

$925,000

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3600 sqft.
Hospitality Consultants, LLC Logo
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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.

Property Details

List Price $925,000 List Date 2021-05-27 MLS ID 4863200 Status Active Property Type Commercial Sale Business Type Business, Hospitality, Retail County VT-Rutland Days on Market 1026

structure

accessibility features Access Parking basement No Total Baths 0 building area total 3600.0 building area units Square Feet building name Johnny Boys Pancake House cooling Central AC Features Exterior Business Type Business, Hospitality, Retail heating Baseboard living area 3600.0 living area units Square Feet Parking Features Off-Site, Parking Spaces 21+, Unassigned stories 1 year built 1970

characteristics

current use Business w/ Real Estate, Food Service, Free Standing Building Acres 1 lot size area 1.19 Lot SqFt 51836.0 # of Units 1

tax

tax annual amount 7565.0 tax year 2021 zoning comm

contract

current financing Conventional foreclosure y n No

compensation

Buyer Agency Comp. 1 Buyer Agency Comp. Type % Non-Rep Comp. 2.5 Compensation Disclaimer The listing broker's offer of compensation is made only to other real estate licensees who are participant members of the PRIMEMLS.
This listing was last updated on 3/19/2024 1:23:10 AM (UTC)