INCREDIBLE BUSINESS OPPORTUNITY!!! OWNER RETIRING!!!
Fantastic family owned and operated restaurant in Cornwall, Ontario (one hour from Montreal and Ottawa). This wonderfully-kept restaurant seats 80-100 people and has a loyal following. The building is also home to additional 2+2 apartments currently bringing in $1000/month in income. Room upstairs for an additional dining room, or re-converted into 2 more apartments.
The restaurant is fully licensed and has been renovated.
Price for building and business: $399, 900.00
Business only: $185, 000.00
"The Land Transfer Tax in Cornwall, Ontario based on the selling price of $185,000.00 is $1,575.00."
* See the land transfer tax formula for Ontario
+ $0 to $55,000.00 - land transfer tax is 0.5% + $55,000.00 to $250,000.00 - land transfer tax is 1.0 + $250,000.00 to $400,000.00 - land transfer tax is 1.5%
$400,000.00 and up - land transfer tax is 2.0%
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