228 N Jefferson ST Hastings, MI 49058
UPDATED:
Key Details
Property Type Commercial
Sub Type BusinessandRealEstate
Listing Status Active
Purchase Type For Sale
Square Footage 2,066 sqft
Price per Sqft $168
MLS Listing ID 20251029421
Year Built 1963
Lot Size 8,712 Sqft
Acres 0.2
Property Sub-Type BusinessandRealEstate
Property Description
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 Area91072Hastings
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Fireplace No
Exterior
Parking Features ParkingLot, OnSite, OnStreet
Utilities Available AboveGroundUtilities, CableConnected
View Y/N No
Roof Type Rubber
Garage false
Building
Foundation Poured, Slab
Sewer Public Sewer
Water Public
New Construction No
Schools
High Schools Hastings
School District Hastings
Others
Senior Community false
Acceptable Financing Cash, Conventional, OwnerMayCarry
Listing Terms Cash, Conventional, OwnerMayCarry
Special Listing Condition ShortSaleNo, Standard
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