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$998,000
Available - For Sale
Listing ID: N12413982
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
Tax Type: N/A
Occupancy by: Owner
Address: 176 bullock Drive , Markham, L3P 1R1, York
Postal Code: L3P 1R1
Province/State: York
Directions/Cross Streets: Hwy 7 & McCowan
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Without Property
Use: Electronics
Total Area: 0
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
Maintenance: 0
Sprinklers: Yes
Heat Type: Gas Forced Air Open
Central Air Conditioning: Yes
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SUTTON GROUP-ADMIRAL REALTY INC.

176 bullock Drive , Markham, L3P 1R1, York

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Maria Tompson
Sales Representative
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416-548-7854
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416-981-7184

 
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Type: Com - Sale Of Business
Area: York
Municipality: Markham
Neighbourhood: Bullock
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Lot Size: x 64.00(Feet)
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Tax: $0
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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Personal Pic Maria Tompson Sales Representative Re/Max Example Inc, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854
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Maria Tompson
Sales Representative
Re/Max Example Inc, Brokerage
Independently owned and operated.
support@bestforagents.com

 

 

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