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Downtown Realty

team@dtrdetroit.com +1(313) 466-7253

$ 295,000

Est. payment -/mo

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1430 Fulton Street Grand Haven, MI 49417

1,150 SqFt

UPDATED:

05/15/2024 09:01 PM

Key Details

Property Type Commercial

Sub Type Business And Real Estate

Listing Status Active

Purchase Type For Sale

Square Footage 1,150 sqft

Price per Sqft $256

MLS Listing ID 71023030181

Originating Board West Michigan Lakeshore Association of REALTORS�

Year Built 1940

Annual Tax Amount $2,647

Lot Size 6,098 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

Location

State MI

County Ottawa

Area Grand Haven

Direction US-31 to Fulton Avenue East

Interior

Heating Forced Air, Central Air

Heat Source Natural Gas

Exterior

Pool No

Waterfront no

Building

Sewer Public Sewer (Sewer-Sanitary), Sewer at Street

Water Public (Municipal), Water at Street

Structure Type Frame,Wood

Schools

School District Grand Haven

Others

Tax ID 700321477006

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Unknown/Data Share Listings

Listed by Capstone Real Estate LLC

Downtown Realty

Brokerage | License ID: 6505386963

+1(313) 466-7253

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