Owner Financing, Quality Construction/Renovation, Picture Perfect on the Village Green Location, A Chef’s Dream Kitchen and Priced Under $500,000.00 !!

The Hearthside Group
4448 Basin Harbor Road
Vergennes, VT 05491-9192
802-863-2150

Owner Financing, Quality Construction/Renovation, Picture Perfect on the Village Green Location, A Chef’s Dream Kitchen and Priced Under $500,000.00 !!

Front/Side of Building

Rarely does the above description come along and describe a great opportunity to own a 6 Guest Room Inn and Restaurant/Tavern.

The property was completely renovated in 2003 by a nationally recognized builder in Middlebury, VT. Listed at $495,000.00, the owner is confident that the building and fixtures are easily worth at least two times what he is asking on a replacement cost basis after you deduct the value of the property itself.

The owner is willing to finance the sale at very attractive rates with 20% down for qualified buyers. Beside the 6 rooms at the inn, there are an additional 6 lodging units in two adjacent buildings that can also be rented out by the inn and revenue derived. The owner is not in the hospitality business and feels that new owners who have experience can do very well operating the inn. He has priced it accordingly and is offering the financing package to folks he feels can succeed.

View to the Park

Rear of Building and Barn

Doc's Tavern

The Formal Dining Room

Dining on the Porch

The Kitchen

Guest Bedroom

Buyer Inquiry Sheet

We are genuinely pleased with your interest. We want to know as much as we can about you so that we can better assist you. Please take the time to complete and return this form with as much detail as possible, and we will contact you with information about the viable, appropriate opportunities currently available that meet your requirements. Buying a hospitality business means buying a home, a business, and a lifestyle all in one transaction. We pride ourselves on matching buyers with appropriate properties.

The more we know about you, the more helpful we can be in introducing properties that are appropriate to your search.

What type of hospitality property are you looking for?

Bed and Breakfast Inn/B&B	# guest rooms (give range)
Full Service Country Inn	# guest rooms
Lodge/Hotel/Motel	# guest rooms
Restaurant/Cafe	# seats

How much acreage are you looking for? Outbuildings?

Please describe the kind of property and location you require:

How much cash are you planning to commit to this purchase?

Banks will require a down payment of a least 20% for conventional financing plus money for working capital and closing costs. Given the amount of cash you are planning to commit to this purchase, what is a realistic price range for your property?

Do you need to sell your house in order to make this purchase?

Do you have any experience in the hospitality industry or other relevant experience?

Are you planning a trip to look at properties in the near future?

Many buyers take years to make this purchase and others mere months. When do you envision starting your new life as an innkeeper/restaurateur?

Do you have any specific questions or concerns about the process of buying a hospitality business that we can address for you?

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