1430, Fulton, Grand Haven, MI, 49417
- 1 bath
Basics
- Date added: Added 1 year ago
- Category: Commercial Sale
- Type: Business
- Status: Active
- Bathrooms: 1
- Lot size: 0.14 sq ft
- Year built: 1940
- Bathrooms Full: 1
- Lot Size Acres: 0.14 acres
- Business Name: Lake Effect Kitchen
- Business Type: Professional/Office, Professional Service, Restaurant, Bar/Tavern/Lounge, Retail
- County: Ottawa
- MLS ID: 23030181
Description
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Description:
Turn-key meal preparation and catering business plus real estate for sale in Grand Haven. Founded in 2017 and quickly grown from the ground up to provide meals and catering to local families and organizations, this operation is ready for new ownership to continue growth and expansion. Based in a 1,150 SF well-maintained building just east of US-31, Lake Effect Kitchen offers a variety of services, including contracted meal preparation for individual households and catering for mainstay events and large organizations. Their full-service kitchen and well-equipped food truck support their efforts and allow for continued growth of the business. Well supported and integrated into the Grand Haven community, this business would be an excellent addition to an existing operation to rapidly expand or serve as a great opportunity for someone looking to dive into the catering world with much of the headaches of a startup resolved. Real estate is included in the sale price. Food truck is available for sale separately.
Asking Price: $360,000 including Real Estate
Show all description
Revenue: $485,625
Cash Flow: $100,485
Valuation Multiple: 2.38x (SDE)
Real Estate Value: $160,000
Location
- Directions: US-31 to Fulton Avenue East
Building Details
- Number Of Units Total: 1
- Sewer: Public Sewer
- Heating: Natural Gas, Forced Air
- Number Of Buildings: 1
Video
- Virtual Tour URL Unbranded: https://www.propertypanorama.com/instaview/wmlar/23030181
Amenities & Features
- Inclusions: 1, 1, 1
- Utilities: Telephone, Public Water, Public Sewer, Cable Connected, Natural Gas Connected, Electricity Available, Natural Gas Available
- Parking Features: Paved
- WaterSource: Public
- Fireplaces Total: 1
- Cooling: Central Air
Fees & Taxes
- Tax Assessed Value: $50,264
- Tax Year: 2023
- Tax Annual Amount: $2,647
School Information
- High School District: Grand Haven
Miscellaneous
- CrossStreet: N Hopkins & N Beechtree
- Listing Terms: Conventional, Cash