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3757 Richville RoadManchester, VT 05255Price: $1,500,000

  • Price: $1,500,000
  • 69 Days on Market
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Federal 30-year interest rate: 6.7% last updated on Sep 29, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $1,500,000List Price
  • 12,500Square Feet

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Listed by Derek Greene of Derek Greene
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.

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Copyright 2022 New England Real Estate Network, Inc. All rights reserved. This display of listings may or may not be the entire Compilation from the NEREN database, and NEREN does not guarantee the accuracy of such information. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated October 4, 2022 7:55 AM EDT.

 

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