$149,000
Available - For Sale
Listing ID: X9310143
40 King St West , Cobourg, K9A 2M1, Ontario


Profitable & Popular. A Great Turnkey income-generating enterprise with a loyal customer base. Enjoying approx. $100,000 in profit yearly. Well-Established Apparel Business now for sale after many successful years on the main street. Prime Retail & Tourist area Business in the almost-filled to capacity downtown of "Ontario's Feel Good Town". An efficiently operated & dynamic Retail shop beloved by many on the main street with an excellent reputation for a superb, curated selection of apparel & accessories (list of items/inventory avail.) Known to provide great customer service & a fantastic selection of high-quality fashions for all ages & styles, with emphasis on vibrant fashions both Brand name & Custom or Unique items. Busy & open 6 days per week, perfectly situated on the desired sunny side of King St W, in a destination locale steps to a lively Tourist Beach, Marina Lakefront district. Financials & Income avail. to serious inquiries. Shipping & parking in back. Basement fully finished. Lease space back (or purchase building with residence which is also for sale) Lease Base Rent Will Be $4200+TMI (TMI to be calculated at time of purchase.) Unique Opportunity in fantastic location. VIA Train or 401 just up the street. 100km to Toronto. 2 staff members on payroll. Books for review will be made available with accepted offer in place.
Extras:   Plenty of Storage Space & Staff Room in Finished LL + 2, 2-pce baths & Utility Closet w/ Sink. Inventory approx. $100,000 (list to be provided upon offer.) Owners operate. 3 staff members. More details available in attachments.
Price $149,000
Taxes: $5135.06
Tax Type: Annual
Assessment Year: 2024
Occupancy by: Owner
Address: 40 King St West , Cobourg, K9A 2M1, Ontario
Postal Code: K9A 2M1
Province/State: Ontario
Legal Description: PT LT 6 BLK D ( cont'd see attachment)
Lot Size: 29.83 x 135.91 (Feet)
Directions/Cross Streets: 2nd Street or Division Street
Category: Without Property
Use: Apparel
Building Percentage: Y
Total Area: 2985.50
Total Area Code:  Sq Ft
Retail Area: 2986
Retail Area Code: Sq Ft
Area Influences: Public Transit  
Approximatly Age: 100+
Business/Building Name: Jake's
Financial Statement: N
Chattels: Y
Franchise: N
Days Open: 6
Hours Open: 10-5
Employees #: 3
Seats: 0
LLBO: N
Taxes Expense: $5135
 Heat Expenses: $225
 Hydro Expense:  $73
Gross Income/Sales: $375000
Estim Inventory Values At Cost : 100000
Year Expenses: 2024
Expenses Actual/Estimated: $Est
Sprinklers: N
Washrooms: 2
Outside Storage: N
Rail: N
Crane: N
Soil Test: N
Grade Level Shipping Doors #: 1
Heat Type: Gas Forced Air Closd
Central Air Conditioning: Y
Sewers: San+Storm
Water: Municipal
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Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

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This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
CENTURY 21 ALL-PRO REALTY (1993) LTD.
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The Bhangoo Group
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At a Glance:
Type: Com - Sale Of Business
Area: Northumberland
Municipality: Cobourg
Neighbourhood: Cobourg
Style:
Lot Size: 29.83 x 135.91(Feet)
Approximate Age: 100+
Tax: $5,135.06
Maintenance Fee: $625
Beds:
Baths: 2
Garage: 0
Fireplace:
Air Conditioning:
Pool:
Locatin Map:
Payment Calculator:
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