North Central Vermont

 Price: $ 595,000      Sales: $ 650,000      EBITDO:   $ 95,000+

THE BUSINESS: This well established restaurant and pub would appeal to a buyer seeking a food service opportunity in a four-season resort area. This stable business includes the real estate with owner's quarters and equipment as part of the price. Located in a fabulous spot in a desired community with stable revenues and opportunities for growth.

WHY BUY?

• Excellent reputation
• Highly visible location
• Located in a very desirable community
• Trained and loyal staff
• Good tangible asset value
• Stable revenues
• Great potential

FACILITIES: The business operates from a stand-alone 4500 square foot building with plenty of parking. The restaurant is on the first floor and the owner's three bedroom quarters are on the second floor. The atmosphere is that of a friendly pub.

EMPLOYEES: The trained staff consists of sous chefs, wait staff and general restaurant employees. They number between 14- 20 depending on time of year. They are paid competitive restaurant wages.  

COMPETITION: While there are numerous food competitors in the immediate area, there are only two other similar style restaurants that compete for the casual diner seeking a friendly pub atmosphere.  

CUSTOMERS: This business has a large local following along with the second homeowners and tourist business. It includes families and singles of all ages. Anyone who likes a pub atmosphere is a potential customer.

FINANCIAL: The business has consistent sales in the $650,000 range. Food and labor costs are believed to be significantly higher than industry standards and suggest room for increased profitability under new management. The reader should know that the weather affected a lot of businesses in the resort area the past two years because of little or no snow in December and early January. Sales for the last two fiscal years (ending 6/30) have been $ 671,000 and $ 650,000 respectively, with about $ 640,000 contemplated for the ’07 ending year.  Gross Margins have consistently been in the mid to high 30% vicinity. EBITDO (Earnings before interest, taxes,, depreciation and owner items) has ranged from $ 110,000 to $ 97,000, with a new owner expected to have $ 125,000 to deploy.

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