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Advert Ref: NEN111508

Hospitality Haven In Stowe Vermont For Sale

Details: Asking price:$1,295,000; Sales revenue:< $500k; Net profit:Undisclosed; Fixtures value:Undisclosed; Inventory value:Undisclosed

Business description: The hospitality haven, known as the Round Hearth at Stowe, has thrived at the junction of Thirty Nine Edson Hill Road and the legendary Mountain Road for 50 years.
Now, like the historic resort community itself, change is imminent for its owners.
After providing unique and exceptional youth-related sports tour programs for the last 19 years, current owners Grady and Merry Vigneau and their family are heading for Maine for a new role in private education, thus creating change and opportunity for new owners with vision at one of Stowe’s most spectacular locations.
The best economic use moving forward at this legendary location is a return to its roots; dorm-style housing and hospitality catering to younger adults seeking affordable accommodations from which to ski, ride, hike, bike, skate and socialize in a resort area where, thanks to AIG Global Realty’s $400 million expansion at Spruce Peak, the future appears more exciting than its storied and successful past.
The unique facility on the1.66 acre site is convenient to all the action Stowe’s 72-square mile community has to offer. Serious and financially qualified buyers may contact NewEnglandNorth with questions and to arrange a tour of the property

General information: Years established:1968; Employees: 2-4 plus owners; Home based: This business can be run from home.; Real Estate:; Living accomodation:The owner/operators can enjoy a seven-room private quarters from which to live and run their enterprise; Location:On Stowe's famed Mountain Road, mid-way between the classic village and the classy Mt. Mansfield-Spruce Peak activity center boosted by a $400 million expansion/development. It's also on the corner of the Stowe Shuttle Route and just steps away from the town's internationally famous 6-mile recreation path.; Competition / Market:At a time it's reputation and offerings have returned it to a Wolrld Class destination for year-round enjoyment, Stowe's lower-priced lodging opportunities are being diminished by high-end condo development and thus affordable hoousing for young (18-39) actives is a market there for the taking.; Reasons for selling:Owner has accepted leadership role in private education out of state.; Financing available?Seller will consider first-position financing to a qualified buyer.