River Commercial Off Market

Earth & Sea, a wholesaler and retail purveyor of fine quality seafood is being offered for sale. This company has had continuous growth and profitability for over 35 years. The company, established by its present proprietor will offer the new owners a 20% CAP rate. The customer list transfers with the sale, which includes restaurants and retailers in Burlington, western New Hampshire, Albany, Vermont ski areas, and the Saratoga region. There are over 150 active customers, 80% being restaurants, 20% retail locations. The on-site retail store constitutes 15% of the gross sales. Equipment includes a modern fleet of seven delivery and transport trucks, high-quality processing equipment, office and retail fixtures. Owner will agree to a noncompete clause and continue on as an employee to mentor the new management if desired. The company operates in a leased facility and has recently executed a new 10 year lease. There is an opportunity to purchase the complex, along with the business. The combined cost of the building and the business would be 2,750,000. The combined offering will result in a 13.25% CAP rate.

Property Details

  • Beds: 0
  • Baths: 0.0
  • Year Built: 1986
  • Location: Battenkill River
  • Riverview: Yes
  • ViewTypes: River
  • County: Bennington County
  • Siding: Aluminum Siding
  • Roof: Membrane
  • Property Taxes: $14,455
  • MLS #: 4922593

Location

Click on map to activate
(Open in Google Maps)   (Bing Map)  (Mapquest Map)

Contact Information:

Ad Statistics:

Lake Commercial Off Market in Manchester, Vermont
Ad Number : 2987615
Viewed: 203 times
Added: Jul 27, 2022
Updated on: Jul 27, 2022
All information provided is deemed reliable but is not guaranteed and should be independently verified.
chat button