Luigi’s Italian Specialties and Real Estate For Sale

191-193 Main Street, Vergennes

Quick Summary

Price
$530,000
Type:
Businesses for Sale, Retail
Status:
For Sale

Property Description

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. 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 business is for sale at $150,000 and the real estate is being offered for $380,000. The owners are willing to owner-finance the sale of the business to a qualified buyer.

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Contact Duncan Harris