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    For Sale - 10610 Bayview Avenue Unit# Unit 10, Richmond Hill, Ontario

    Est payment $960/mo
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    Views   4
    Time on Jump  176 day

    AI Summary *

    • Established hair salon with over 30 years of successful operations.
    • Loyal customer base ensures immediate cash flow for new ownership.
    • Turnkey operation ready for instant takeover with trained staff.
    • Additional basement space offers expansion and rental income potential.
    • Lease in place until 2028 with renewal options available.




    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.
    Listing IDN12889608
    Address10610 Bayview Avenue Unit# Unit 10
    CityRichmond Hill, Ontario
    Price$199,900
    StyleSale Of Business
    TypeBusiness
    StatusFor Sale

    Subtype Sale Of BusinessCommunity Features Major Highway, Recreation/Community CentreBasement 1Heating / Cooling Gas Forced Air Closed

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    Listing Agency:  BAY STREET GROUP INC.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    10610 Bayview Avenue Unit# Unit 10
    Richmond Hill , Ontario
    $199,900
    Get more info