Seller's Contact Information
- RE: Event Center-Specialty-Market-Catering Great R/E
- Contact: Ryan Johnson
Quick Facts
| Asking Price: | $2,987,000 | |
| Annual Revenue: | $2,000,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | 290,000 | |
| Real Estate: | $2 | |
| Year Established: | Not Disclosed | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 537631216 | |
| Broker Reference #: | Not Disclosed |
Business Overview:
Located in a popular West Michigan resort town, this multi-faceted business resides in a newly renovated 9,000 square foot building. With a clean, classic design, the building rests on a 1.2 acre parcel on the town’s main thoroughfare. The outstanding real estate is rounded out with 65 onsite parking spaces and plenty of adjacent free parking.
Nearly 7,000 square feet of ground level commercial space has a lot to offer with the current business endeavors. A spacious deli counter serves a wide variety of quality fresh and pre-packaged goods while the adjoining grocery section houses hand-picked items to fill customers’ pantries. The back of the house features a large commercial kitchen utilized for both in store sales and catering of events which the business offers in the event center and/or at offsite locations. The attractive, private event space with, with a current capacity of 70, has plenty of natural light and room for dedicated serving areas for food and drinks.
The property also has large outdoor dining and entertaining areas. The sale will include three separate liquor licenses (1) Class C, (2) Specially Designated Merchant (SDM), and (3) A rare Resort Specially Designated Distributor (RSDD) license. This trio allows for the sale and consumption of beer, wine, and liquor both indoors and outdoors, onsite and offsite.
The ground level is enhanced by two rental apartments on the 2,000 square foot second floor. The first is a large 2 bed, 1 bath unit with a full kitchen, dining & living room, and laundry. The second is a studio with 1 bed and 1 bath. Both apartments have been fully renovated along with the commercial space on the first floor. The commercial and apartment spaces are being offered with all existing equipment, furnishings (FOH and BOH), along with security system, POS equipment, AV equipment and much more. Rental activity for both apartments is strong throughout the year.
Branded deli and grocery items specifically curated for the local community are features of the popular specialty market. The big “meal ticket,” however, is catering. A robust lineup of off-site (pick up) catering and on-site events, both often booked months in advance, guarantee a robust catering business all year long. With warm weather this town really comes alive, and there is no shortage of events and opportunities to be provided for, which is why catering has become the primary growth target.
Day-to-day operations run smoothly with an experienced, loyal team of full-time and part-time employees who combine to cover all facets of the business. This mix includes two full-time managers and an Executive Chef overseeing the operation which will enable new ownership to concentrate on creatively growing the business that has quickly achieved low seven figures of annual revenue.
The owners, who are involved with other entrepreneurial projects, are offering the sale of the business and its profit centers bundled with the real estate and building. The business brand, logo, website, and social media assets are also being offered in the package which is summarized below:
-Specialty Market and Deli, Catering, and Events Space
-3 Liquor Licenses
-2 Rental Apartments
-Management team in place
-All associated equipment and furnishings
-Business brand, logo and website/social assets
The current owners hope to find just the right buyer to whom they can transition this unique West Michigan jewel of a business/property. If you believe you have the vision and creativity to take this multifaceted opportunity to the next level, please contact us at Praxis Business Brokers today.
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Reason for Selling:
New Ventures
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
Relevant Links:
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