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$1,525,000
Available - For Sale
Listing ID: T10441085
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: $5,400
Tax Type: Annual
Occupancy by: 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 (Feet)
Directions/Cross Streets: King St / Lakeview Dr
Zoning: Commercial
Category: With Property
Use: Gas Stations
Building Percentage: Y
Total Area: .8
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
Maintenance: 1,450
 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
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

102 King St , Cobalt, P0J 1R0, Ontario


 
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At a Glance:
Type: Com - Sale Of Business
Area: Timiskaming
Municipality: Cobalt
Neighbourhood: Cobalt
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Lot Size: 211.73 x 165.00(Feet)
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Tax: $5,400
Maintenance Fee: $1,450
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Baths: 2
Garage: 0
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