1503 Pitt Street, Cornwall, Ontario

About 1503 Pitt Street

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:36535)

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