1503 Pitt Street, Cornwall, Ontario K6J 3T9

Well established family run restaurant offering take out and dine in. Potential for increased revenues by extending hours of operation and running 7 days a week. Current owner shuts down between 6 to 8 weeks a year. Currently no liquor license which would also increase income. All equipment is included.If bought with building there is additional revenue from upper two bedroom apartment (estimated $16,200 annually) or could be used by new owner. Was formally licensed for 60-70 people and currently seating is supplied for 28 people. Included in chattels are items used for a former catering business which could also provide additional income. Operating expenses for restaurant include salaries for 3 family members and rent for restaurant ($2800 per month) paid to building owner. Business can be sold separately and owner will provide a 5 year lease but restaurant business must be sold before building. (id:27476)

This establishment is under the ownership type of Freehold.

There are a total of 12 parking spaces available on the premises.

A well-established, family-operated restaurant is currently in operation, providing both take-out and dine-in services. There is potential for increased revenue by extending operating hours and opening seven days a week. The current owner typically closes the restaurant for 6 to 8 weeks annually. Additionally, not having a liquor license is seen as a missed opportunity for additional income. All necessary equipment is included in the sale. If the building is purchased, there is potential for additional revenue from the upper two-bedroom apartment, estimated at $16,200 annually, or it could be utilized by the new owner. The restaurant was previously licensed for 60-70 people, but the current seating capacity is set up for 28 individuals. The sale also includes items used for a former catering business, which could potentially generate extra income. Operating expenses for the restaurant include salaries for 3 family members and a monthly rent of $2800 paid to the building owner. The business and building can be sold separately, with the owner providing a 5-year lease, but the restaurant business must be sold before the building.

This property is currently listed for sale and has a land size of 50 ft X 139.5 ft (Irregular Lot). It is located at 1503 PITT STREET in the city of Cornwall, Ontario, with a postal code of K6J3T9.