228 N Jefferson St - Restaurant FOR SALE


Hastings, MI 49058
$349,000 USD
248-923-4334
228 N Jefferson St, Hastings, MI for Sale
$349,000 USD
Restaurant - FOR SALE
1/31
null | Request Cap Rate

228 N Jefferson St
Hastings, MI 49058


HIGHLIGHTS

  • Real Estate and Business Sold Together
  • Offered at 1.3X Net Earnings
  • Turn Key Business and Real Estate
  • Well Known in the Community
  • Only Brekfast/ Lunch Brunch - No Late Nights but Dinner hours couldbe added for added income opportunity

OVERVIEW

Cafe Style Restaurant For Sale - Specializing in Breakfast, Brunch, Lunch Menu. Property & Business Offering – Hastings MI, 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 1.1x annual owner cash flow (SDE) or 1.5x 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

FOR SALE DETAILS

PRICE

$349,000 USD

PRICE/SF

$153 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

B-1

APN/PARCEL ID

55-201-026-00

ASK ABOUT THIS PROPERTY

David ElwoodEpique Realty & Epique CRE - Elwood.BizMore Info
248-923-4334

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

David ElwoodEpique Realty & Epique CRE - Elwood.BizMore Info
248-923-4334

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.