40 King St W, Cobourg, K9A 2M1

Listing Overview

Description

Profitable Retail Clothier! Established business 15+ years in busy downtown. Owner retiring! Solid income-generating enterprise with a loyal customer base. Enjoying approx. $100,000 in profit yearly. Approx. $100,000 in inventory to pass along with business!! Gross profit margins are excellent. 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** Lots of immaculate Storage Space & a 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.

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On Market

Sale Of Business

Property Type

$5,135 / Year

Est. Taxes

Without Property

Style

Apparel

Business Type

N

Franchise