This exceptional opportunity presents the chance to acquire a thriving, established wedding and event venue in Melvindale, Michigan. Located at 18931 ALLEN, the business occupies a 3,700 square foot space situated on a 0.31-acre lot. Melvindale Manor is a well-known and respected venue, boasting elegant interiors perfectly suited for hosting a wide range of events, from intimate gatherings to large-scale celebrations. The sale includes the established business only, offering a turnkey operation ready for immediate revenue generation. This includes an existing client base, pre-established vendor relationships, and all necessary amenities to ensure continued success. The business is priced at $105,000, representing a significant opportunity for an entrepreneur seeking to enter or expand within the event and hospitality industry. The property's prime location in Melvindale provides easy access for clients and excellent visibility. This is a rare chance to acquire a profitable, reputable business with significant growth potential. All necessary equipment and operational components are included in the sale, allowing for a seamless transition and immediate commencement of operations. The business is currently operating and has a proven track record of success.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$880,834
Hospitality
$806,839
Educational
$671,281
Medical
$694,367
Retail
$1,044,215
Location Insight
City
Melvindale
County
Wayne
State
Michigan
Latitude
42.278
Longitude
-83.1913
CBSA code
19820
CBSA name
DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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