5104 Highway 138 Highway, South Stormont - Business for Sale
5104 Highway 138 Highway, South Stormont, Ontario, K0C2A0
This business in South Stormont is for sale. It has been on the market 42 days, fresher than the South Stormont average of 92 days.
Description
**BUSINESS ONLY** A fantastic opportunity to own an established restaurant business in South Stormont, Ontario. Mo's Diner is now available for purchase, offering an incoming owner the opportunity to take over an established local food-service business without the need to purchase the real estate. Mo's Diner has become a familiar gathering place in the community, serving customers with a welcoming atmosphere, classic diner fare, coffee, conversation, and plenty of local charm. This is an opportunity to step into an existing restaurant operation and build on the foundation already in place. The sale is for the business and its assets only. The restaurant premises are available to lease, providing a more accessible entry point for an entrepreneur, chef, owner-operator, or investor looking to enter the restaurant industry without the significant capital investment of purchasing commercial real estate. The existing restaurant setup, commercial kitchen, equipment, furnishings, and established presence provide an excellent starting point for a new owner. Continue the Mo's Diner concept or bring your own vision, menu, branding, and ideas to the space. Whether you're looking for your first restaurant, expanding an existing food-service business, or searching for an established diner opportunity in the South Stormont/Cornwall area, Mo's Diner offers the opportunity to take over a business with an existing customer base and community presence. Business and assets for sale. Real estate is not included in this listing. Premises available for lease. The next chapter of Mo's Diner is ready to be written. Bring your vision and make it your own. (Business can be purchased with Real Estate - please see MLS #X13817696 for property listing) (id:66096)
Property Details
- MLS®
- X13817674
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- CG-1
- Frontage
- 157 ft
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Property Tax
- $6,179/yr
- Listed
- 42 days ago
Market Timing
Extended: 42 days on market, against an average age of 92 days across the listings currently for sale in this city
Homes here sell slower than most markets
Sold homes in this market spent an average of 60 days on the market over the past year, against a median of 48 days across the markets we publish.
This business in South Stormont has been listed for 42 days, which is 50 days fresher than the city average of 92. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (K0C)
This home lists at $300,000, about 3.6× the local median household income of $84,000.
Carrying it typically needs a household income of about $58,601 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $84,000
- Population
- 52,838
- Median age
- 48.4
- Owner / renter
- 82% / 18%
- Avg. household size
- 2.4
Source: Statistics Canada, 2021 Census (FSA K0C)
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$300,000
South Stormont