Twenty-three lake view rooms, 82-seat lake view restaurant, and forty-five acres located on the shores of Lake Champlain, North Hero, Vermont. Several recreational amenities including Har-Tru tennis courts, kayaks, event barn, pitch and putt golf, horseshoes, and shuffleboard. Three bedroom owners' home located on the grounds.
Together with the event barn, the grounds could be used for stunning tented weddings. Commercial kitchen could easily support event driven food production. Extensive landscaping and lake frontage create an unparalleled sense of place at this property. Forty plus seasonal, part time, staff members are drawn from the local community.
This is a seasonal business that generates 1.2 million in gross revenues between April and Thanksgiving. Restaurant and bar represents 66% and rooms represent 44% of revenues. Profitable business with an NOI that supports the price.
Innkeepers have operated this inn for the past thirty five years, and they are ready to retire.
Conventional bank financing.