305 MAIN ST, PERU, VT 05152

JJ Hapgood GENERAL STORE & EATERY

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Historic Store Property & Business Opportunity

Established in 1827, this iconic Peru landmark has been a cherished part of the community for nearly two centuries. In 2013, a Peru resident undertook a comprehensive redevelopment of the property, rebuilding the infrastructure and facility with an unwavering commitment to quality. The result is an exceptionally improved property featuring outstanding craftsmanship and attention to detail throughout, including Danby marble walkways and decorative marble accents, custom-crafted cabinetry, handcrafted benches, and numerous other premium finishes.

In 2023, the current owners acquired the business and temporarily closed operations to develop and implement a strategic vision for its future. Following extensive interior and exterior improvements, business modeling, rebranding and more - they successfully reopened and expanded operations to offer breakfast, lunch, and dinner service Wednesday through Sunday.

Under their stewardship, the restaurant and tavern has been revitalized as a vibrant community gathering place, hosting special events throughout both the summer and winter seasons. The retail component features highly sought-after custom-branded merchandise, including specialty syrups and jams that have attracted a celebrity following. The property's carefully curated record collection has been featured in notable publications, further enhancing its unique appeal. It's retail offering, prepared foods and house made goods are regular highlights and drive traffic daily.

The restaurant has earned a Diners’ Choice Award and has been recognized as a favorite dining destination in Southern Vermont. Widely regarded as a Vermont institution, the business enjoys a loyal customer base, exceptional reviews, and a growing online presence. Through thoughtful management and strategic improvements, the owners have doubled gross sales during their tenure.

In addition to its full-service dining operations, the business has successfully expanded into catering, private events, community partnerships, and collaborations with Vermont tourism organizations, creating multiple revenue streams and opportunities for continued growth.

Building & Site

The main building features a poured concrete basement, foundation, and floors supported by a steel structural framework. Exterior walls are finished with wood framing and siding, while the interior is finished with drywall. The building is topped with a durable slate roof.

Water service is provided by one of two wells located on the property, and wastewater is handled by a private septic system. A partial foundation is located east of the outdoor patio area and already has electrical service available, presenting an excellent opportunity for future expansion. Previous plans contemplated the addition of an ice cream parlor at this location. A wood-frame barn adjacent to the rear parking area provides additional storage space.

The gravel parking lot is accessed via an easement across the neighboring post office property. In addition, paved street parking accommodates approximately 13 vehicles.

The 1.49± acre site is attractively landscaped and generally level along the roadway, gently sloping toward the rear of the property. Guests can enjoy both a covered terrace and an open-air patio, creating inviting outdoor dining spaces during favorable weather conditions.

The property benefits from significant infrastructure upgrades, including updated electrical and plumbing systems, a full HVAC system, integrated point-of-sale technology, property-wide Wi-Fi coverage, a commercial sound system, electronic temperature-controlled freezers, a security system, VOIP telephone service, and numerous other modern operational improvements.

This offering is subject to errors, omiSellssion, prior sale and change or withdrawal without notice. All offers will be presented with a deposit through Hospitality Consultants, LLC, and accepted or rejected at the Sellers’ sole discretion.

It is customary for the Purchaser to pay in addition to the purchase price dollar for dollar for the stock in the store.

All interested parties will be required to sign a confidentiality agreement and provide proof of funds before receiving the financial information.

Priced at $2,250,000.00