Business For Sale · Retail

120 TOLLGATE ROAD W, Cornwall

120 TOLLGATE ROAD W, Cornwall, ON K6J5M3

$79,900 total

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Asset Class

Retail

Size

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Building class

A

Zoning

CSC — Shopping Centre

$ / SF

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Occupancy

87%

About this property

The Village Diner has been serving the community for a number of years and offers a fantastic turnkey opportunity for an owner operator or investor looking for an easy transition into a fully operational and established business. The restaurant is currently configured for approximately 80 seats and features a fully equipped commercial kitchen that is exceptionally clean, well maintained, and ready for immediate operation. All chattels and equipment are owned by the current owner and are included in the sale, allowing a new owner to step in and start operating from day one. The business has built a strong local reputation and loyal customer base over the years with excellent potential for continued growth. Currently operating as a successful breakfast and lunch restaurant, there is also exciting opportunity for a new owner to expand hours and introduce dinner service to further maximize revenue potential. Owner willing to provide supplier information and assist with a smooth transition. A rare opportunity to purchase a well established and cared for restaurant business with everything in place to succeed. (id:66811)

Financial sandbox

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Estimate
Purchase price$80K
Down payment30% · $24K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$369

Projected NOI

$5K

Annual cash flow

$384

Cash-on-cash

1.60%

DSCR

1.09

Going-in cap

6.02%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

137,031

Households

59,825

Median income

$92,500

Median age

41.2

Daytime population

117,894

5-yr growth

3.7%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 120 TOLLGATE ROAD W, Cornwall.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.