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SaleSale Of Business

10610 Bayview Avenue

Richmond Hill, ON L4C 3N8

Price

$1

Building Size

1,055 sq ft

MLS# N13784636 | Listed by BAY STREET GROUP INC.

Business Details

Business Type

Barber/Beauty

Property Use

Without Property

Hours / Days

Open 5 Days

Franchise

No

Commercial Space & Financials

Retail Area

1,055 sq ft

Taxes (Annual)

$6.5

Industrial Specifications

Lot Size

16' × 65'

Property Description

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.

Price & Status History

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Location

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10610 Bayview Avenue, Richmond Hill L4C 3N8

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Listing Courtesy of: BAY STREET GROUP INC.

This listing is provided through the TRREB MLS® System. Contact the listing brokerage for more information.

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