Luigi’s Italian Specialties and Real Estate For Sale or For Lease

191-193 Main Street, Vergennes

Quick Summary

Price
$325,000
Type:
Businesses for Sale, Retail
Status:
For Lease, For Sale
Size:
3,500 sq ft

Property Description

MAJOR PRICE REDUCTION

ALSO AVAILABLE FOR LEASE

Luigi’s Italian Specialties, a Vergennes fixture since 1969, is for sale along with the real estate. Owned and operated by the Leachman family for the past 30 years, Luigi’s is a family style restaurant in the heart of downtown with tremendous exposure along Main Street (Route 22A). The building footprint is 3,500 SF with a full basement. A new roof was put on when the Leachman’s bought the real estate and moved the business to it’s current location four years ago. At that time they also upgraded the electrical system and redid the floors. The restaurant is permitted for 100 seats with an additional former ice cream parlor for expansion or an accessory use. Over the years the Leachman’s have built an incredibly loyal following, one they are excited to hand off to the next entrepreneur ready to take the business to the next level, as it’s time for them to retire. The real estate is being offered for $325,000 and they are accepting offers on the furniture, fixtures and equipment or they will sell them separately to a buyer who wants to redevelop the space. The owners are willing to owner-financeĀ a portion of the sale.

Contact Duncan for a full equipment list and to discuss leasing options.

Contact Duncan Harris