119 Main St Ludlow, VT 05149
Four-season business in Okemo Mountain area, ready for new owner.
Property size:
5,000 SFLot size:
0.26 AcresProperty Features for 119 Main St
General Information
- Size
- 5,000 SF
- Lot size
- 0.26 Acres
Source:
Moodyscre
Listing Agent: Richard Palmer
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Turnkey Restaurant and Hotel Opportunity
This turnkey, four-season business is suited for a restaurateur, hotelier, or investor seeking a year-round, cash-flowing destination in a mountain town. Located in the heart of the tourist district on Okemo Mountain's main street in Ludlow, VT, it is less than a mile from the main ski lodge. Zoned and licensed as both a restaurant and hotel since 2014, it currently operates as a highly-rated restaurant, a change made during the pandemic by converting all lodging rooms into dining spaces. The restaurant operates dinner service four days a week (4pm-9pm), 44 weeks per year. The first level features a full bar and main dining room, along with an upgraded commercial kitchen. The second level offers five private dining rooms. Outdoor dining is available on the wraparound porch from May to October. Typical weekends see full bookings, serving 120-180 people per evening, with a waiting list averaging 50-600 people per night. This property offers a consistent cash-flowing restaurant enterprise, with opportunities to expand across event, meeting, and lodging revenue streams. The price includes the updated 5,000-sq.-ft. building on 0.26 acres, along with all business equipment, assets, trademarks, promotion and website platforms, and customer databases. Opportunities exist for expanded food service, catering, and special events.
Location Intelligence
Current Use by Public Records
Homestyle Hotel & Restaurant
Restaurant
Location Insight
- Map
- Local Demand
- City
- Ludlow
- County
- Windsor
- State
- Vermont
- Longitude
- -72.6983511
- Latitude
- 43.3963021
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FAQs
What type of property is this?
Hotel - Four-season business in Okemo Mountain area, ready for new owner.
Where is this hotel located?
The property is located at 119 Main St Ludlow, VT.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: - Turnkey restaurant and hotel business in prime location.; - Proven restaurant enterprise with fully booked weekends.; - Includes updated 5,000-sq.-ft. building, business equipment, assets, trademarks, website, and customer databases.