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$ 349,000
Est. payment /mo
Price Dropped by $50K
228 N Jefferson Street Hastings, MI 49058
2,066 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 2,066 sqft
Price per Sqft $168
MLS Listing ID 60929865
Annual Tax Amount $7,735
Lot Size 8,712 Sqft
Acres 0.2
Lot Dimensions 63 x 133 x 64 x 132
Property Sub-Type Commercial/Industrial
Property Description
Cafe Style Restaurant For Sale in Hastings MI - Specializing in Breakfast, Brunch, Lunch Menu. Confidential Property & Business Offering – Barry County, Michigan A rare opportunity is available to acquire a well-established breakfast, brunch, and lunch cafe-style restaurant along with its commercial real estate, all included in offered price. This business has become a local favorite, known for its inviting atmosphere and consistent performance. With the sale, the buyer not only secures a thriving cafe style restaurant but also ownership of the building itself - providing stability and long-term equity. From a financial standpoint, the cafe's success is proven: The offering price reflects only about 45% of the total value when compared with standard restaurant valuation methods. In other words your getting this at over 50% of the actual value. Effectively, you are purchasing the business and building for roughly 1.3x annual owner cash flow (SDE) or 1.9x operating earnings (EBITA), a fraction of what similar operations would demand in today's market. Who this is perfect for: An entrepreneur looking to step into restaurant ownership with a strong cash-flowing business already in place. A culinary couple or family team eager to run their own breakfast-and-lunch destination. An experienced operator ready to expand into a proven location with the advantage of owning the real estate. One who wants to own a restaurant but without the dawn til after dusk hours as is focused on Breakfast and Lunch. This is not just a business purchase - it's a chance to step into a turnkey, community-loved restaurant and build your lifestyle around it. The combination of ongoing profitability, included real estate, and significant value savings make this an exceptional ownership opportunity. Offered price includes real estate!!! Location disclosure with executed NDA and Financials disclosed with NDA and buyer financial qualification
Location
State MI
County Barry
Area Hastings (08021)
Zoning Commercial
Interior
Heating Forced Air
Exterior
Roof Type Rubber
Building
Foundation Slab
Water Public Water
Structure Type Brick,Vinyl Siding,Wood
Others
Ownership Private
Energy Description Natural Gas
Financing Cash,Conventional
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Listed by Epique Realty