102 King Street, Cobalt, ON P0J 1R0

Cobalt P0J 1R0 Ontario

MLS: T10441085

$1,525,000

Added 70 days ago | For Sale

Listed by: HOMELIFE/MIRACLE REALTY LTD

About Property

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!

Features

  • House Style:Sale Of Business
  • Bathrooms:2
  • Land Size: 211.73 X 165
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:
  • Cross Street:King St / Lakeview Dr
  • Basement: ,
  • Possession Date:30/60/90
  • Annual Property taxes: $5400
  • Bedrooms:
  • Total Parking Spaces:10
  • Parking Places:10
  • Heating Type:Gas Forced Air Open
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:T10441085

About Agent
Prabhjot Singh
REALTOR®
(905) 867-2666 [email protected]
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