Outstanding Financing Available for This Business
- Listing Id: 2033
- Broker Name: John K. Nelson
- Category: Hotels and Motels
- Asking Price: $1,733,333.00
- EBITDA: $250,000.00
- Real Estate: $1,650,000.00
- Cash Flow: $250,000.00
- Inventory: $25,000.00
- No. Of Full-Time Employees: N/A
- No. Of Part-Time Employees: N/A
- Gross Income: $420,000.00
- FF&E: $100,000.00
- Year Built: N/A
- Address: Click Here
- Zip Code: Click Here
- City: Vergennes
- State: VT
- Country: United States
- Tenancy: Single
- Occupancy: N/A
- Lot Size: N/A
- Available: Yes
Description
Interest Rate only 4.25%, Low 15% down, plus 5% working capital and it is yours. The Strong House Inn sits on 4.9 acres on highly traveled RT 22A and has 14 Suite/Guest Rooms, 18 bathrooms, 2 dining rooms, library, great room. Conference center. Owner's quarters with 1 bedroom, living room, dining room, spa bathroom, and large 2nd story deck with staircase. The main house attic has been converted to a space for family or staff with living room, bathroom and 2 bedrooms. Inn is licensed for 30 guests in rooms and restaurant.. It is approved for private parties up to 50 people. It has a full liquor, beer and wine license. There are 3 fireplaces in the main house and 3 fireplaces in the Rabbit Ridge building built in 1998. Heating and A/C systems are newly installed or have been updated. In spite of the downturn over the last 3 years it has excellent NOI and is offered at a 10.5 CAP Rate. There is no deferred maintenance. Room rates range between $120 - #50 depending on the season.
Financial Summary
N/A
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