$1,525,000
Available - For Sale
Listing ID: T10441085
102 King St , Cobalt, P0J 1R0, Ontario
| 1.5 million litre sales + approximately $700,000 in ancillary revenues - Gas station being offered with 0.80 acres of land in the growing city of Cobalt! Amazing business opportunity with a proven track record of high profitability. Situated on a busy intersection with high traffic volume, the station serves both local residents and travelers, ensuring a steady stream of customers year-round. With annual fuel sales of 1.5 million litres with a strong margin, this station is a top performer in its category. In addition to fuel, the station boasts approximately $700,000 in ancillary revenues, including convenience store items, car wash booth, residential apartment (2+ den), propane and other high-demand products, adding diversity to the revenue stream and increasing the overall profitability of the business. The station is known for its excellent customer service and has built a loyal customer base over the years. With a well-trained staff, the business runs smoothly, and the management system is in place to ensure efficient operations. This is a rare chance to acquire a well-established and highly profitable gas station in North Cobalt, an area that is poised for lots of further growth. With impressive fuel sales, additional high-margin revenue streams, and a prime location, this opportunity offers tremendous potential for continued success. Whether you're an investor looking for a stable cash flow or an entrepreneur seeking to expand into a thriving market, this gas station represents an excellent opportunity. **EXTRAS** Transferable liquor license, 2 car wash bay, propane refill center, lots of storage space, myriad of business growth on 0.80 acre lot, 2 bedroom+den residential apartment upstairs, space for Indian grocery items (in high demand), and more! |
| Price | $1,525,000 |
| Taxes: | $5400.00 |
| Tax Type: | Annual |
| Occupancy: | Own+Ten |
| Address: | 102 King St , Cobalt, P0J 1R0, Ontario |
| Postal Code: | P0J 1R0 |
| Province/State: | Ontario |
| Legal Description: | PCL 10556 SEC SST; LT 101 W/S QUEEN ST, |
| Lot Size: | 211.73 x 165.00 (Feet) |
| Directions/Cross Streets: | King St / Lakeview Dr |
| Category: | With Property |
| Use: | Gas Stations |
| Building Percentage: | Y |
| Total Area: | 0.80 |
| Total Area Code: | Acres |
| Retail Area: | 1200 |
| Retail Area Code: | Sq Ft |
| Financial Statement: | Y |
| Chattels: | Y |
| Franchise: | N |
| Days Open: | 7 |
| Hours Open: | 7AM - 8 |
| Employees #: | 2 |
| Seats: | 0 |
| LLBO: | Y |
| Taxes Expense: | $5400 |
| Insurance Expense: | $1000 |
| Management Expense: | 0 |
| Heat Expenses: | $400 |
| Hydro Expense: | $800 |
| Water Expense: | $0 |
| Other Expenses: | $100 |
| Gross Income/Sales: | $2535000 |
| Operating Expenses: | $100000 |
| Net Income Before Debt: | $400000 |
| Year Expenses: | 2023 |
| Expenses Actual/Estimated: | $Est |
| Sprinklers: | N |
| Washrooms: | 2 |
| Outside Storage: | N |
| Rail: | N |
| Soil Test: | Y |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | Y |
| Elevator Lift: | None |
| Sewers: | Sanitary |
| Water: | Municipal |
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| HOMELIFE/MIRACLE REALTY LTD |
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At a Glance:
| Type: | Com - Sale Of Business |
| Area: | Timiskaming |
| Municipality: | Cobalt |
| Neighbourhood: | Cobalt |
| Lot Size: | 211.73 x 165.00(Feet) |
| Tax: | $5,400 |
| Maintenance Fee: | $1,450 |
| Baths: | 2 |
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