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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$765,000
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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Lot Size
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Building Size
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Premise Summary
Ever think of owning your own business? Or perhaps expanding you current business? This business is on a High exposure traffic area. It is located on one of Cornwall's Busy Main Corridors entering the City and is on the boundary of where the City meets the Township. There is an active fuel bar/gas station, mechanics garage and automotive sales facility. The Garage and Auto Sales are currently tenant occupied. Fuel bar carries Regular, Super, and Diesel at the pumps. The Front Bay doors on the garage are approximately 11ft high by 10ft and rear door approx. 9x9 ft. This property will be sold together with the abutting vacant property. List Price includes the abutting property with frontage on Cornwall Centre Road. The abutting property is listed under MLS#1382944. 48 Hour Irrevocable during business days on All offers. This property will be sold AS IS. All viewing must be during business hours and scheduled through a Realtor! Do not go to the property directly for a viewing. (id:39198)
Location
Province
Ontario
City
Cornwall
Address
3064a-d Pitt Street
Postal Code
K6K1V1
Location Highlights
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Listed by
STORM REALTY Ontario listing
Category
Property Information
Premise Status
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With Accommodation
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Tenancy
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Lot Size
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Available Space
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Building Size
3,000
Year Built
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Years Remaining in Current Lease Term
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Renewal Options
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Operational Information
Number of Working Owners
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Current Owner - years
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FF & E
Furniture, Fixtures & Equipment that remain with the business.
Not Included
Inventory Value - approximate
Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.
Not Included
Franchise
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Financial Information
Yearly Rate
$765,000
Asking Price
$765,000
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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NOI
Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.
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Gross Revenue- annual
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Cash Flow - annual
1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
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EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
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Premises Size (square feet)
3,000
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
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Market Competition
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