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Homestyle Restaurant 119 Main St
8 Room Hostel Ludlow, VT 05149 £1,529,599 (£191,200/Room)
Investment Highlights
- #1 Restaurant in Ludlow VT, home of OKEMO SKI RESORT
- Successful Operating Restaurant with additional upside revenue possibilities
- Pride of Maintenance throughout
Executive Summary
Property Facts
Amenities
- Restaurant
- High Speed Internet Access
- On-Site Bar
- Boutique/Lifestyle Hotel
- Public Access Wi-Fi
About 119 Main St , Ludlow, VT 05149
Trip Advisor’ #1 Rated restaurant in Ludlow, VT A turnkey, four-season business ready for any restaurateur, hotelier or investor looking to own a year-round cash-flowing mountain town destination from afar or operate it themselves. Homestyle Hotel is located smack dab in the middle of the touristy hustle and bustle of Okemo Mountain’s main street in Ludlow, VT, and less than a mile from the main ski lodge. Zoned/licensed as a restaurant and hotel since 2014 but currently operating solely as “one of the Okemo Valley’s best-reviewed and most-booked restaurants” since converting all lodging rooms to dining rooms during the pandemic. Currently operates dinner service four days per week (4pm-9pm), 44 weeks per year. First level features a full bar and main dining room, upgraded commercial kitchen; second level has additional five private dining rooms; and outdoor “al fresco” dining on the wraparound porch adds extra ambiance May-October. Typical weekends are fully booked, serving 120-180 people per evening with an average waiting list of 50-600 people per night. Offers new owners the best of both worlds: A proven, consistent cash-flowing restaurant enterprise, plus opportunities to enhance and/or expand across event, meeting and lodging revenue streams. $1,950,000.00* price includes updated 5,000+-sq.-ft. building on 0.26 acres plus all business equipment, assets, trademarks, promotion/web site platforms and customer databases. The possibilities at Homestyle are numerous, from expanded food service, catering, special events and more—bring your imagination and step right into a successful business ready for its next owner. *Serious, funded inquiries only. All prospects will be asked to fill out the Prospect Information Package and provide proof of funds before the Sellers will all the financials to be release. Thank you for your understanding.
Room Mix Information
Description | No. Rooms | Daily Rate | SF |
---|---|---|---|
Guest Room | 8 | £137.27 | - |
PROPERTY TAXES
Parcel Number | 363-112-10001 | Improvements Assessment | £222,302 |
Land Assessment | £109,817 | Total Assessment | £332,119 |
PROPERTY TAXES
zoning
Zoning Code | Village Commercial |
Village Commercial |
Presented by
Homestyle Restaurant | 119 Main St
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