East Coast Inn Brokers is a subscribing member of the Vermont Commercial Investment Division (VTCIBOR), the Northern New England Real Estate Network (NNEREN MLS) and New England Commercial Property Exchange (NECPE). Our membership in multiple commercial MLS networks throughout New England offers great exposure for our Restaurant Seller Clients and will soon offer aspiring restaurateurs the ability to search for upper echelon Restaurant Properties for sale in Vermont and throughout New England from this website. An added bonus for our Buyer Clients is that we can arrange for our Buyer Brokerage Fee to be paid by the Seller’s Agent.
East Coast Inn Brokers represents Buyers and Sellers of hospitality business properties throughout Vermont from the Mt. Snow Resort Region, Manchester and Woodstock in Southern Vermont to the Mad River Valley, Stowe and Burlington in the north. Pamela Long, Principal Broker of East Coast Inn Brokers, has been a Vermont Broker since 1979 with extensive experience representing Buyers and Sellers in the hospitality business over the last 20+ years.
If you are a buyer in need of representation and assistance throughout the purchase process or a Restaurant Owner who would like to find a qualified buyer, please feel free to call us at 802-380-2550 to discuss your situation or send an inquiry from this site. Upon request, your inquiry will be handled in the strictest confidence.
A complete marketing package for The Inn On The Green is available. ***Buyers need to provide financial qualifications prior to receiving financial information or arranging an in-person showing*** There is no better location for a Vermont inn than this vibrant college community where abundant recreational and cultural opportunities enhance the lifestyle of the owner. In operation since 1997, this is a business that began with the renovation of an early 19th-century private residence into a bed and breakfast inn. Now with twelve guest rooms, each has a private bath, Eero Wifi, Roku Smart televisions, updated furnishings, and many other upgrades and improvements since 2018. The business has done extremely well despite COVID and has made a very successful transition to a "Simple, Comfortable & Independent" way to stay offering self-check-in with keyless entry allowing guests the independence to arrive and depart on their own schedule. Well-trained staff is present each morning & supports the guest's experience with housekeeping, breakfast options, and availability at all times via text messaging. Occupancies surpassed 55% in '19 and remained strong in '20/COVID with a 43.7% rate & 42% YTD through July '21. The business is poised to return to pre-COVID levels and more as '21 progresses. While there are no owner's quarters on-site, there is a State permit for converting 3rd floor. Impressive financials & prime location = Amazing Opportunity
One of the most successful operating restaurants in the Stowe/Waterbury area, located 5 minutes from Stowe and I-89. Michael's on the Hill is the only fine dining restaurant in the area. A new buyer is not bound to this type venue. The circa 1820 farmhouse was first converted to a restaurant in approximately 1983 as the Villa Tragara restaurant. Michael and Laura purchased the property in 2002 and have made extensive renovations and upgrades. Beside having an excellent location, Michael's offers a beautifully refurbished, 1820 barn which provides for additional seating and a venue for functions up to 76 patrons. In warmer weather the patio offers seating. The porch, barn and the patio offer beautiful views of the Green Mountains and sunsets. The property has been well maintained inside and out. There are many possibilities for expansion on this 4.2 acre site with views. Recently paved driveway adds to the curb appeal of the property. It is important to note that the financial numbers support the price. We are happy to share a very complete brochure to qualified buyers. Sellers request buyers to sign a confidentiality agreement and provide financial information to prove their ability to purchase before we can release their financial information which are in the brochure. Banks today require a minimum of 20% down.
Listed by Dick Palmer of Hospitality Consultants, LLC
Federal 30-year interest rate: 2.78% last updated on 2021-07-22
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
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 for sale on this web 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 July 26, 2021.