Chipman Inn

Ripton, Vermont

Asking Price: USD $1,000,000
Guest Rooms: 9    10
Owners Quarter: 2    1

Property Overview

Nestled in the picturesque town of Ripton, Vermont, Chipman Inn stands as a testament to the dedication of its past and present stewards. Over the past year, we've embarked on a transformative journey, flipping this historic gem into a marvel fit for the 21st century.

As of May 2024, our efforts have culminated in a complete renovation, including a state-of-the-art kitchen that meets fire and health codes, alongside a thorough cleansing of decades-old clutter and worn paint. While preserving its rich heritage, Chipman Inn now shines as a beacon of modern hospitality, ready for the next chapter in its storied legacy.

As much as we've relished the journey of revitalizing Chipman Inn, the demands of innkeeping alongside our young family beckon us to prioritize our time differently. While we continue to cherish our time at the helm, nurturing this inn into a modern-day marvel, we've come to realize the importance of spending more precious moments with our children.

Recognizing the unique demands and rewards of innkeeping, we now seek new ownership to carry forward Chipman Inn's tradition of excellence. This turnkey opportunity is tailor-made for individuals with a passion for hospitality and a vision to propel this establishment to even greater heights.

We invite those with an entrepreneurial spirit and a love for hospitality to explore the possibilities that await at Chipman Inn. Come be a part of its rich legacy and embark on your own journey of hospitality excellence.





Chipman Inn has undergone significant renovations and operational improvements, reflecting a perfect blend of tradition and innovation. Key enhancements include a state-of-the-art contactless check-in system, elevating the guest experience and streamlining operations. The property boasts 11 beautifully appointed rooms, offering flexible living options for potential owners. An upcoming kitchen renovation in April, will meet the latest health and fire code standards, highlighting the inn's commitment to excellence. Set on 5.9 acres, the inn offers guests a tranquil Vermont escape.

About the Owner's Quarters

What has traditionally been used as the owners quarters is a two room one bath apartment and is on the first floor. The current owners are a family of 3 adults and 3 children and take these rooms as their quarters as well as three of the guest rooms as well as the owners quarters.

Features:
  • Has a Barn Barn
  • Is Historic Historic
  • Includes a Restaurant Restaurant
Lifestyle:
  • Nearby Winery / Brewery Winery
  • Near Skiing Ski
Business Description:

Under current stewardship, the Chipman Inn has seen strategic enhancements leading to an increase in REVPAR, adoption of eco-friendly practices, and introduction of unique guest services. Its prime location near Middlebury College's campuses positions it as an ideal choice for college visitors and those seeking a serene retreat. The inn's capacity for full utilization of all rooms presents a lucrative opportunity for maximizing revenue. These operational advancements underscore the inn’s potential for growth and its readiness to embrace future opportunities.

Terms of Sale:

Chipman Inn, a beacon of hospitality in Ripton, seeks new ownership less than a year since we began our stewardship. Our commitment to excellence is unwavering, and we approach each day with the dedication and passion as if we might remain at its helm indefinitely. However, recognizing the unique demands of inn life, we believe there's someone out there (perhaps with less children at home) ideally suited to elevate this property to new heights. This turnkey opportunity is perfect for those with a vision for the future of hospitality and a desire to continue a legacy of exceptional guest experiences. We invite interested investors to schedule a visit, as we look forward to passing the torch to someone ready to embrace the rewarding lifestyle that comes with owning Chipman Inn.

Valuation & Mortgage Calculator:
30 Years Fixed
n/a % Interest
  • Loan Amount
  • Principle and Interest
  • Cash Flow
  • DSCR $0
  • Cap Rate $0
  • ROI $0
Listed By
Elizabeth Guilbeau (Owner)
  
Friendspitality Holdings LLC

Sq Ft:

5,258

Acres:

6

Year Built:

1828

Last Renovated:

2024

Years in Business:

50
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Financial Overview

Asking Price:

USD $1,000,000

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