$149,000 FOR SALE

Business for Sale

Apparel

Lot: 29.83 x 135.91 ftTotal Area: 2,985.5 ft2
2024 Taxes: $5,135.06Maintenance Fees: $625

40 King St W
Cobourg, ON K9A 2M1 | Northumberland

Profitable & Popular. A Great Turnkey income-generating enterprise with a loyal customer base. Enjoying approx. $100,000 in profit yearly. Well-Established Apparel Business now for sale after many successful years on the main street. Prime Retail & Tourist area Business in the almost-filled to capacity downtown of "Ontario's Feel Good Town". An efficiently operated & dynamic Retail shop beloved by many on the main street with an excellent reputation for a superb, curated selection of apparel & accessories (list of items/inventory avail.) Known to provide great customer service & a fantastic selection of high-quality fashions for all ages & styles, with emphasis on vibrant fashions both Brand name & Custom or Unique items. Busy & open 6 days per week, perfectly situated on the desired sunny side of King St W, in a destination locale steps to a lively Tourist Beach, Marina Lakefront district. Financials & Income avail. to serious inquiries. Shipping & parking in back. Basement fully finished. Lease space back (or purchase building with residence which is also for sale) Lease Base Rent Will Be $4200+TMI (TMI to be calculated at time of purchase.) Unique Opportunity in fantastic location. VIA Train or 401 just up the street. 100km to Toronto. 2 staff members on payroll. Books for review will be made available with accepted offer in place.

Extras
Plenty of Storage Space & Staff Room in Finished LL + 2, 2-pce baths & Utility Closet w/ Sink. Inventory approx. $100,000 (list to be provided upon offer.) Owners operate. 3 staff members. More details available in attachments.

Share

Listed By CENTURY 21 ALL-PRO REALTY (1993) LTD.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X9310143
Last Updated Sep 29, 2024
Property Summary
Property Type Business For Sale

More like this:
Use Apparel
Franchise Non-Franchise
Business/Building Name Jake's
Category Without Property
PIN 510940387
Legal Description PT LT 6 BLK D ( cont'd see attachment)
Occupancy Owner
Possession Date TBD
Taxes (2024) $5,135.06
Tax Type Annual
Maintenance Fees $625
Directions/Cross Streets 2nd Street or Division Street
Neighbourhood Cobourg
Area Northumberland
Price History
Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Freestanding Y
Bathrooms 2
Lot 29.83 x 135.91 ft
Lot Irregularities 30.63 ft x 135.91 ft x 29.82 ft x 52.44
Retail Area 2,986 ft2
Total Area 2,985.5 ft2
Approximate Age 100+
Air Conditioning Y
Basement Y
Chattels Y
Garage Type None
Amps 200
Days Open 6
Hours Open 10-5
LLBO N
Employees 3
Heat Type Gas Forced Air Closd
Financial Statement N
Gross Income/Sales $375,000
Hydro Expense $73
Heat Expenses $225
Taxes Expense $5,135
Year Expenses $2,024
Expenses Actual/Estimated Est
Estimated Inventory Values At Cost $100,000
Outside Storage N
Area Influences Public Transit
Soil Test N
Sprinklers N
Sewers San+Storm
Utilities Y
Water Municipal
Grade Level Shipping Doors 1
Crane N
Rail N
Survey N
Lot/Bldg/Unit Code Lot
Zoning MC-4
Seller Property Info Statement N

The information contained on this site is based in whole or in part on information that is provided under copyright by the Toronto Regional Real Estate Board (TRREB) or by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. TRREB and CREA reproduce and distribute this information as a service for their members and assume no responsibility for its accuracy. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.