1430 Fulton Street Active Save Request In-Person Tour Request Virtual Tour
Grand Haven,MI 49417
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 1,150 sqft
Price per Sqft $256
Municipality Grand Haven City
MLS Listing ID 23030181
Full Baths 1
Originating Board Michigan Regional Information Center (MichRIC)
Year Built 1940
Annual Tax Amount $2,647
Tax Year 2023
Lot Size 6,309 Sqft
Acres 0.14
Lot Dimensions 50x125
Property 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
Revenue: $485,625
Cash Flow: $100,485
Valuation Multiple: 2.38x (SDE)
Real Estate Value: $160,000 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
Revenue: $485,625
Cash Flow: $100,485
Valuation Multiple: 2.38x (SDE)
Real Estate Value: $160,000
Location
State MI
County Ottawa
Area North Ottawa County - N
Direction US-31 to Fulton Avenue East
Interior
Cooling Central Air
Fireplaces Number 1
Inclusions {"Real Estate":true,"Furniture":true,"Equipment":true}
Exterior
Garage Paved
Utilities Available Phone Available,Public Water Available,Public Sewer Available,Natural Gas Available,Electric Available,Cable Available,Natural Gas Connected,Electric Connected
Waterfront No
View Y/N No
Parking Type Paved
Building
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Grand Haven
Others
Tax ID 70-03-21-477-006
Ownership LLC
Acceptable Financing Conventional,Cash
Listing Terms Conventional,Cash