Space
Finished area and layout
- Living Area
- 2,100 sqft
2,100 sqft
Living Area
16 x 65 ft
Lot
Property Snapshot
Key details for this listing
MLS #N13784636
Property
Type, style and structure
- Type
- commercial
- Style
- sale of business / Mixed Use
Lot
Land, frontage and setting
- Lot
- 16 x 65 ft - Unit=16 x 65 FT
- Frontage
- 16 ft
About This Property
This sale of business in Richmond Hill offers 2,100 sqft of living area on a 16 x 65 ft lot. The property has lot dimensions of Unit=16 x 65 FT, cross street Bayview Ave./ Elgin Mills Rd E., zoned Hair/Beauty Salon, Skincare, all kinds of Retail. The home features yes.
MLS Remarks
30+ Years of Continuous Operations - This hair salon has been serving the Richmond Hill community at the same high-traffic Bayview Avenue location for over 30 years, with the current owner successfully at the helm for the last 15 years. The seller is now retiring, offering a rare opportunity to acquire a deeply established, turnkey operation. Why This Business Stands Out: Legacy & Clientele: Multi-decade presence in the plaza has cultivated an extremely loyal, consistent, and daily busy customer base. You are acquiring a proven reputation and immediate cash flow. True Turnkey Operation: Walk in and take over Day 1. Supported by a couple of reliable, long-term employees, allowing for smooth operation even with minimal initial salon involvement from the new owner. Systems are in place. Massive Expansion Potential (The Basement): The unit features approximately 1,055 sq. ft. of main floor space PLUS additional basement space. This is a significant value-add opportunity: Sublet the basement to a complementary health/beauty business (esthetics, lashes, spa, skincare) to generate immediate additional monthly rental income. Expand service offerings into the basement to create a full-service "Salon & Spa" destination, increasing overall sales without relocating. FINANCIAL & OPERATIONAL: Profitable Operations: A consistently busy salon with verified financials available to qualified buyers upon signing a Confidentiality Agreement. Lease in Place: Current lease extension runs to May 31, 2028, with a clause for one further 5-year renewal option (Fair Market Value rent upon renewal). Equipment and Inventory onsite are all included. List will be provided with firmed offer. FINANCING AVAILABLE: VENDOR FINANCING may be available for qualified buyer. Terms to be discussed upon conditional agreement. The seller has spent a decade building supplier relationships, customer trust, and operational systems.DO NOT go direct & DO NOT speak to employees. (id:60351)
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