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1430 Fulton Street

Grand Haven, MI 49417
  • $295,000
  • STATUS: Active
  • ON SITE: 312 Days
  • ID#: 23030181
UPDATED: 118 min ago
$295,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Business Opportunity
Built:
1940
County:

School Ratings & Info

School District:

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

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© 2024 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2024-06-23T23:54:02.01.
www.refacmi.com/homes/142518190
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1430 Fulton Street Grand Haven, MI 49417

  • Price: $295,000
  • Status: Active
  • On Site: 312 Days
  • Updated: 118 min ago
  • ID#: 23030181
0
Beds
1
Baths
0
½ Baths
0.14
Acres
1940
Built
Neighborhood:
Grand Haven City
County:
Ottawa
School District:
Grand Haven
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
Exterior Features

Attached Garage YN No Driveway Paved YN Yes Waterfront YN No

Interior Features

Cooling Central Air Cooling YN Yes Heating YN Yes

Property Features

Auction Or For Sale For Sale Business Name Lake Effect Kitchen Business Type OtherProfessional/OfficeProfessional ServiceRestaurantBar/Tavern/LoungeRetail Cross Street N Hopkins & N Beechtree Documents Available [] Inclusions "Real Estate": true"Furniture": true"Equipment": true Lease Considered YN No Listing Terms ConventionalCash New Construction YN No Property Sub Type Business Sewer Public Sewer Tax Annual Amount 2647 Tax Year 2023 Utilities Phone AvailablePublic Water AvailablePublic Sewer AvailableNatural Gas AvailableElectric AvailableCable AvailableNatural Gas ConnectedElectric Connected Water Source Public

Listing provided courtesy of Nathan Patterson of Capstone Real Estate LLC: 616-847-1031. © 2024 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed.
© 2024 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2024-06-23T23:54:02.01.
 
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