Wow feast your eyes on these metrics!
Over $360,000 in gross revenues
Over $155,000 in net operating income
A 43% gross margin
A 40% + occupancy rate
An 11% cap rate
A 3.9 gross revenue multiplier
Looking for an Inn with impressive style in an idyllic Vermont country setting? Look no further than the Strong House Inn, Vermont Champlain Valley Inn for sale. The fourteen guest room Inn started as an 1834 Federal style home with Greek Revival flourishes. Later additions were added in the 1950’s and the mid 1990s, ultimately creating an all-inclusive compound of lodging and event spaces. The surrounding 4.9 acres has amazing mountain vistas. A perfect setting to host weddings, retreats and other celebratory events.
This Vermont Champlain Valley Inn for sale is located in Vergennes, known as The little city with a big heart.. The vital downtown Main Street is chock full of locally-owned businesses; restaurants, shops and galleries. The City Park, historic Opera House and the architecturally stunning Bixby Library encompass the heart of the city. Vergennes Partnership has produced a video that skillfully illustrates the city’s charms, community spirit and excellent Vermont Champlain Valley Inn for sale location.
Vergennes is located in the Lower Champlain Valley in Addison County. 40 minutes south of Burlington and 20 minutes north of Middlebury. The close proximity of the Burlington International Airport is key to the Inn’s location. Middlebury College, one of the top elite international liberal arts colleges in the country is less than 15 miles from the Inn. The Strong House Inn is minutes from Lake Champlain, the largest freshwater lake in the East, with a wealth of recreational excursions available. Lake Champlain is situated between the Green Mountains of Vermont and the Adirondack Mountains of New York. All in all, a perfect locale for guests to explore the miles of scenic byways and vistas in all seasons.
The Inn is open year round to take advantage of Vermont’s spectacular four seasons. There are eight guest rooms in the main house and six in the separate Rabbit Ridge Country House. The historic main house includes two dining rooms, one with a fireplace, a library with fireplace, the kitchen and just off the kitchen, a large sunny Innkeepers office with three sides of windows. The Ticonderoga Room, one of two newer created public rooms, has a tavern style bar with comfortable seating areas perfect for gatherings and events for up to 50 people. The Tavern carries local bottled beer plus a wine and cocktail list. The Inn has a full liquor license and restaurant license. New owners may wish to increase the food and beverage business (lodging too!) through additional weddings, groups, retreats and gatherings!
Adjacent and connecting to this room is the Saratoga Room, another great space for meetings and workshops. Highlights of this room include, large windows that provide excellent natural lighting and spectacular views of the Adirondack Mountains. Guests can also step-out into the connecting fenced-in bluestone courtyard with gazebo, a perfect spot for guests to enjoy the Inn’s grounds and the mountain vistas. In addition the innkeepers have created walking trails on the rear forested acreage. On the property there is a charming small cottage used for garden equipment and another out building for bicycle storage. The owners also have the advantage of a two car garage with convenient inside access to the kitchen, pantry and owners office.
The historic main house and Rabbit Ridge Country House guest rooms and suites feature a variety of amenities, including whirlpool tubs, fireplaces, private balconies or patios, wide plank pine floors and post and beam ceilings. The owner’s quarters is a one bedroom, one bath apartment on the second floor of the main house. The open floor plan includes a living room, efficiency kitchen and dining area. The bathroom has a whirlpool tub and separate shower/steam shower combo. A large private deck off the living area has spectacular views of the mountains. On the third floor of the main house is another apartment that can be utilized for seasonal staff, a manager or family.
In addition to the leisure traveler, the Strong House Inn enjoys a steady business clientele. Nearby United Technologies and Middlebury College have an ongoing business relationship with the Inn. In addition, the Inn has been offering quilting retreats since 1997. From October through June, 18 packages are offered for all levels that range from elaborate 5-day retreats with optional onsite spa treatments to modestly priced 2-day retreats. These two sources help fill the Inn during the slower tourist driven high season months.
The current owners have enjoyed building the Strong House Inn’s lodging and event business and are now ready to move on to other ventures. New innkeepers can take an established business and make it their own while enjoying a vibrant community and much sought after innkeeping lifestyle.
The Strong House Inn, Vermont Champlain Valley Inn for sale is offered exclusively by the Vermont Broker of Record: Barrett & Valley Associates, Inc.
Consulting Services Provider: The B&B Team.
