3 & 4 - 176 BULLOCK DRIVE, Markham (Bullock), Ontario, L3P1R1

Property Description

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. (id:64974)

Quick Facts

• Property Type: Business
• Bedrooms: None
• Bathrooms: None
• Frontage: 34 ft (10.4 m)

Listing Provided by: SUTTON GROUP-ADMIRAL REALTY INC.
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.