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Type: Sale Of Business
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Property Type: Commercial
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Business Type: Gas Stations
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Zoning: Commercial
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Age: No Data
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Taxes: 5400
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MLS®#: T10441085
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Days on Site: 2 Days
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Added: Nov 19, 2024 (1 month ago)
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Updated:
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Last Checked: 3 hours ago
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Listed By: HOMELIFE/MIRACLE REALTY LTD
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!
Property
Status: Sale
Type: Gas Stations
Property Type: Sale Of Business
Property Type: With Property
Net Income: 400000
Area: Cobalt
Community: Cobalt
Availability Date: 30/60/90
Inside
Bathrooms: 2
Air Conditioning: Y
Washrooms: 2
Utilities
Utilities: Yes
Building
Basement: Y
Heat Type: Gas Forced Air Open
Elevator: None
Freestanding: Y
Outside Storage: N
Water Supply: Municipal
Parking
Garage Type: None
Covered Parking Spaces: 10
Fees
Tax Year: 2023
Tax Legal Description: PCL 10556 SEC SST; LT 101 W/S QUEEN ST, 103 W/S QUEEN ST, 105 W/
Taxes: $5,400
Expenses: Est
Insurance Fee: 1000
Operating Fees: 100000
Hydro Expense: 800
Heat Expenses: 400
Other Expenses: 100
Taxes Type: Annual
Taxes: 5400
Tax Year: 2023
Land
Cross Street: King St / Lakeview D
Municipality District: Cobalt
Sewer: Sanitary
Lot Depth: 165 Feet
Lot Frontage: 211.73 Feet
Zoning: Commercial
Commercial Specific
Number of Employees: 2
Rail: N
Retail Area: 1200
Retail Area Metric: Sq Ft
Sprinklers: N
Total Area: 0.8
Total Area Metric: Acres
Hours Open: 7AM - 8
Days Open: 7
Franchise: N
Tangible Property Included: Y
Lot Code: Lot
Survey: Y
Soil Test: Y
Financial Statement: Y
Gross Income/Sales: 2535000
LLBO: Y
École catholique Sacré-Coeur (New Liskeard)
Elementary: CatholicÉcole catholique Paradis-des-Petits
Elementary: CatholicSaint Patrick Separate School
Elementary: CatholicÉcole catholique Sainte-Croix
Elementary: CatholicEnglish Catholic Central School
Elementary: CatholicNew Liskeard Public School
Elementary: PublicCEA New Liskeard
Secondary: CatholicÉcole secondaire catholique Jean-Vanier
Secondary: CatholicEnglehart High School
Secondary: PublicÉcole secondaire catholique Sainte-Marie
Secondary: CatholicKirkland Lake District Composite Secondary School
Secondary: PublicTimiskaming District Secondary School
Secondary: Public