Unit 10 - 10610 Bayview Avenue,Richmond Hill (Crosby), ON L4C3N8
Richmond Hill (Crosby), ON L4C3N8
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. (id:13843)
Details
| MLS # | N13784636 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 48 |
| Listing Provided By | BAY STREET GROUP INC. | FRANKIE CHEN |
Features
| Zoning | Hair/Beauty Salon, Skincare, all |
|---|
Interior
| Cooling | Fully air conditioned |
|---|---|
| Heating | Forced air, Natural gas |
| Fireplace Yes / No | No |
Utilities
| Water Source | Municipal water |
|---|
Taxes
| Tax Annual Amount | 6.5 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Richmond Hill (Crosby) |
| Postal Code | L4C3N8 |
| Listing VS Median (in L4C3N8) | |
Price: $1 low | high Med: $0 On site: 48 low | high Med: | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Richmond Hill (Crosby) |
| Postal Code | L4C3N8 |
| Listing VS Median (in L4C3N8) | |
Price: $1 low | high Med: $0 On site: 48 low | high Med: | |