Specialty Market & More with Great Real Estate

MARCH 15, 2023

Michigan: America's Third Coast - 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 and occupying their time, they seek a skilled and innovative buyer with industry experience 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 9,000 square feet draws the eye of passersby’s as they travel the town’s main thoroughfare. Ample on-site parking and outdoor seating are just the start of what has made many a happy customer since the inception of the business. Stepping through the main entryway you are greeted by smiling faces behind a spacious deli counter, serving a wide variety of quality fresh and pre-packaged goods for your regular customers’ breakfast, lunch and dinner needs. Grab a hot cup of coffee as you peruse the grocery section housing 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. Looking to add a unique touch to your party in the park or a backyard gathering? The portable wood fired pizza oven 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 designed with plenty of natural light and featuring a dedicated bar for the events’ attendees.

The real estate with approximately 7,000 square feet of commercial space on the ground level is enhanced by two rental apartments on the 2,000 square foot second floor adding yet another income stream to this opportunity. The first unit a large two bedrooms and one bathroom unit with a full kitchen, dining and living room and laundry, while the second is a studio with one bedroom and one bathroom. Both apartments have been fully renovated along with the commercial space on the first floor, 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 (consisting of a fenced patio space, stand-alone pavilion and spacious grassy area), 65 dedicated parking spaces and both apartments. 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 overseeing the operation which allows new ownership to concentrate on creatively growing the business that has quickly achieved low seven figures of annual revenue.

To sweeten the pot even more, the sale includes three separate liquor licenses, which are hot commodities in this town: (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.

The business brand, logo and website/social assets are also being offered in the package.

Let’s recap:

-Deli

-Grocery

-Catering with Specialty Portable Pizza Oven

-Events Space

-Three Liquor Licenses

-Two 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. If you believe you have the vision, creativity, and capital to take this multifaceted opportunity to the next level, please contact us at Praxis Business Brokers today.

Ryan Johnson (269-338-9809 or [email protected])