Overview
- Updated On:
- May 15, 2024
- 1 Bathrooms
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
- Principal and Interest
- Property Tax
- HOA fee
