$998,000
Available - For Sale
Listing ID: N12413982
176 bullock Drive , Markham, L3P 1R1, York
| Exceptional opportunity to acquire a highly profitable and well-established home appliance sales and service business in Markham, Ontario. With a remarkable 35-year history under the same dedicated ownership, this business has built an impeccable reputation and a loyal client base across a wide geographical area, including Uxbridge, Stauffville, Oshawa, Vaughan, Markham, Newmarket, and Scarborough. This multifaceted business generates impressive annual sales of over $3M, with a sound net income. The business operations are diverse, encompassing major appliance sales, appliance parts distribution, authorized warranty services, and general appliance repair. A key competitive advantage is the exclusive access to open-box appliances from top brands like Maytag, Whirlpool, Amana, and Jenn-Air. The sale includes a robust fleet of vehicles: one box truck, two service vehicles, and one pickup truck, ensuring efficient operations and service delivery. The current owner is retiring, presenting a seamless transition for a new owner. An optional inventory valued at $300K-$500K is available for purchase. Vendor Take-Back (VTB) financing is a possibility, offering flexibility for a qualified buyer. The business operates from two strategic locations. The Woodbine location, a 9,000 sq ft facility, has a lease with a rent of $19K/month, with a new 5-year lease and a 5-year renewal option. The second location on Bullock Dr is seller-owned (2,428 SF) and can be either leased or purchased in addition to the Woodbine location lease assumption, providing a unique opportunity for real estate ownership.The business is supported by a skilled team of 11 employees. This is an incredible opportunity to take over a turnkey operation with a solid foundation and significant potential for growth, particularly by expanding into the Asian community. Don't miss out on owning a great business with decades of goodwill and a proven track record of success. |
| Price | $998,000 |
| Taxes: | $0.00 |
| Tax Type: | N/A |
| Occupancy: | Owner |
| Address: | 176 bullock Drive , Markham, L3P 1R1, York |
| Postal Code: | L3P 1R1 |
| Province/State: | York |
| Directions/Cross Streets: | Hwy 7 & McCowan |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Without Property |
| Use: | Electronics |
| Total Area: | 0.00 |
| Retail Area Code: | Sq Ft |
| Business/Building Name: | Unionville Appliance |
| Financial Statement: | T |
| Chattels: | T |
| Franchise: | F |
| Days Open: | O |
| Hours Open: | 9 |
| Employees #: | 11 |
| Seats: | 5 |
| Sprinklers: | Yes |
| Washrooms: | 0 |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | Yes |
$
%
Years
This calculator is for demonstration purposes only. Always consult a professional
financial advisor before making personal financial decisions.
| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| SUTTON GROUP-ADMIRAL REALTY INC. |
|
|
Sumit Chopra
Broker
Dir:
647-964-2184
Bus:
905-230-3100
Fax:
905-230-8577
| Book Showing | Email a Friend |
Jump To:
At a Glance:
| Type: | Com - Sale Of Business |
| Area: | York |
| Municipality: | Markham |
| Neighbourhood: | Bullock |
| Fireplace: | N |
Locatin Map:
Payment Calculator:
