Nestled in a popular Lake Michigan resort town you will find something truly special. Over the past 2-1/2 years the owners of this specialty market and event space have poured heart, soul, and significant capital into building their multifaceted business. Now, with other unrelated, non-competitive endeavors fast approaching, they seek a skilled and innovative buyer to carry the torch of this business and take it to new heights.
The clean and classic design of this newly renovated building totaling nearly 9,000sqft draws the eye of passersby’s as they travel the town’s main thoroughfare. Stepping through the main entryway you find a spacious deli counter, serving a wide variety of quality fresh and pre-packaged goods for a customers’ breakfast, lunch and dinner needs. The grocery section houses hand-picked items to fill your pantry; whether looking for a sweet treat, savory meal, or libations for a gathering with family and friends.
With its large commercial kitchen and experienced staff, the catering side of the house finds itself hustling and bustling to fulfill a robust lineup of catering orders and onsite events, which book out months in advance. Adding a unique touch to parties is the portable wood fired pizza oven which is sure to impress and is perfect for gatherings of all sizes. The income streams continue with a beautiful 2,350 square foot event space on the property. Whether hosting a business meeting, a bridal shower or anything in-between, there is plenty of room to gather in this private space featuring a dedicated bar for the events’ attendees.
The 7,000sqft ground level commercial space is enhanced by two rental apartments with a combined 2,000sqft on the 2nd floor adding yet another income stream to this opportunity. The first unit is a large 2 bed,1 bath with full kitchen, dining and living room along with laundry. The 2nd is a studio with 1 bed and 1 bath. Both apartments have been fully renovated and as such the buyer can expect a 95% occupancy rate from Memorial Day to Labor Day in this popular resort town (which has no short-term rental restrictions). When the winter months roll in, if past history is any indication, you can find longer term renters for both apartments. The commercial and apartment spaces are being offered with all existing equipment and furnishings (FOH and BOH), along with security system, POS equipment, AV equipment and much more.
The owners are offering the sale of the business bundled with the real property of more than one acre, which includes the commercial space, large outdoor dining and entertaining area,65 dedicated parking spaces and both apartments. An experienced, loyal team of full-time and part-time employees combine to cover all facets of the business. This mix includes two full-time managers overseeing the operation which allows new ownership to concentrate on creatively growing the business that has quickly achieved low seven figures of annual revenue.
Sale includes 3 separate liquor licenses: (1) Class C, (2) Specially Designated Merchant (SDM), and (3) A rare Resort Specially Designated Distributor (RSDD) licenses. This trio allows for the sale and consumption of beer, wine, and liquor both indoors and outdoors, onsite and offsite.
-Deli and Grocery
-3 Liquor Licenses
-2 Rental Apartments
-All associated equipment and furnishings
-Business brand, logo and website/social assets
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Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.