$649,900 FOR SALE

Business for Sale

Restaurant

Lot: 50 x 139.5 ft

1503 Pitt Street
Cornwall, ON K6J 3T9 | North End

Well established family run restaurant offering take out and dine in. Potential for increased revenues by extending hours of operation and running 7 days a week. Current owner shuts down between 6 to 8 weeks a year. Currently no liquor license which would also increase income. All equipment is included.If bought with building there is additional revenue from upper two bedroom apartment (estimated $16,200 annually) or could be used by new owner. Was formally licensed for 60-70 people and currently seating is supplied for 28 people. Included in chattels are items used for a former catering business which could also provide additional income. Operating expenses for restaurant include salaries for 3 family members and rent for restaurant ($2800 per month) paid to building owner. Business can be sold separately and owner will provide a 5 year lease but restaurant business must be sold before building. (id:47423)

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Listed By CENTURY 21 SHIELD REALTY LTD.
Data Provided By Cornwall & District Real Estate Board
MLS® Listing Number 1363238
Last Updated Apr 24, 2024
Property Summary
Property Type Business For Sale

More like this:
Use Restaurant
Franchise Non-Franchise
Neighbourhood North End
Price History
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Detailed Information
Lot 50 x 139.5 ft
Listing Contract Date 2023-10-05
Maintenance Fee Type Water, Other, See Remarks
Municipal ID 601930011
Ownership Type Freehold
# of Parking Spaces 12
Property Type Business
Transaction Type For sale
Zoning Description Mixed Use Commercial
Business
Business Type Restaurant
Business Subtype Restaurant
Name Bangkok
Building
Land
Total Size 50 ft X 139.5 ft (Irregular Lot)
Size of Irregular Land 50 ft X 139.5 ft (Irregular Lot)

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