Dairy Creme 320 State St

320 State St , Montpelier, Vermont, 05602 | 1,259 sq.f | $ 650,000

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About This Restaurant

Investment Highlights

Peak Performance Days Up to 2,000 Customers/Items Sale Includes Creemee and Wood Pellet Businesses (with all Equipment) and Real Estate Turn-Key Staple Business in the Community with a Fantastic Reputation

Executive Summary

Vermont's most popular creemee stand is for sale! The Dairy Creme is located in Montpelier the Capital City of Vermont and has been family-owned and operated for 27 years. This summer "hot spot" has had peak days of 2,000 customers (items) and sells wood pellets (home heating fuel) making this a year-round business opportunity.The primary customer base is Washington County which has a population of 61,142 (2023 census). Featuring a production-style work environment, the Dairy Creme uses the modern-day restaurant Point-of-Sale (POS) set up to immediately fire orders from the cashier to the production team to ensure customers are served as efficiently as possible.The Dairy Creme also sells an average of 650-700 tons of wood pellets beginning in the late summer, making it a year-round business. While pellets are available for customer pickup, most have them delivered to their homes creating additional revenue. While it's already hugely successful, there are opportunities for growth and improvement (see documentation). The sale includes both the creemee and wood pellet businesses as well as the real estate. Submit the signed Non-Disclosure Agreement along with proof of funds (bank statement for cash purchase or a pre-approval letter from a financial institution) at: www.dairycreme.com/forsale for more information.www.dairycreme.com

Property Details

  • Sale Type    Investment or Owner User
  • Property Type    Retail
  • Property Subtype    Restaurant Restaurant General Retail Fast Food General Retail Storefront General Retail Storefront Retail/Office Restaurant
  • Building Size    1,259
  • Year Built/Renovated    1950/2002
  • Price    650,000
  • Price Per SF    516
  • Cap Rate    20
  • NOI    130,000
  • Tenancy    Single
  • Building Height    1 Story
  • Building FAR    0.06
  • Land Acres    0.48 AC

Amenities

  • 24 Hour Access
  • Restaurant
  • Signage
  • Waterfront
  • Wheelchair Accessible
  • Storage Space
  • Air Conditioning
Date Created: 2024-07-16 04:23:48 Last Updated: 2024-07-16 04:23:48
Address: 320 State St , Montpelier, Vermont, 05602