Unit 10 - 10610 Bayview Avenue Richmond Hill, Ontario L4C 3N8

$199,900

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:55460)

Business

Business Type	Personal Services
Business Sub Type	Barber/beauty shop

Property Details

MLS® Number	N12889608
Property Type	Business
Community Name	Crosby
Amenities Near By	Highway, Recreation

Building

Cooling Type	Fully Air Conditioned
Heating Fuel	Natural Gas
Heating Type	Forced Air
Utility Water	Municipal Water

Land

Acreage	No
Land Amenities	Highway, Recreation
Size Depth	65 Ft
Size Frontage	16 Ft
Size Irregular	Unit=16 X 65 Ft
Size Total Text	Unit=16 X 65 Ft
Zoning Description	Hair/beauty Salon, Skincare, All Kinds Of Retail

https://www.realtor.ca/real-estate/29478608/unit-10-10610-bayview-avenue-richmond-hill-crosby-crosby