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MLS® N12889608
Richmond Hill, ON
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.
Inclusions
DISCLOSURES & CONDITIONS: - This is an asset sale (business assets, goodwill, and lease assignment). No shares are being transferred. - All financial representations are based on seller-provided information. The sale is conditional upon Landlord consent to lease assignment. Seller will assist. - HST applicable to the sale price (if any is in addition to the purchase price unless otherwise negotiated. SHOWING REQUIREMENTS: Strictly by appointment through showing systems. All interested buyers must sign a Confidentiality/Non-Disclosure Agreement first, before the co-operative agent to book a showing. All the showing need to be approved in 48 hours in advanced.
Broker
BAY STREET GROUP INC.
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Sale Of Business
10610 Bayview Avenue #Unit 10 Richmond Hill
Richmond Hill
Type
Sale Of Business
Parking
None
Property Tax
~$6.5/yr
Heating
Gas Forced Air Closed
Buying Essentials
Square Feet
1055 sqft
Parking
None
Finances
List Price
$199,900
Price per SQFT
$189/sqft
Property Tax
~$6.5/yr
Property Specs
Property Type
Sale Of Business
MLS Size
1055 sqft
Living & Amenities
Heating Type
Gas Forced Air Closed
Policies & Utilities
Neighbourhood
Richmond Hill
Listed On
Mar 11, 2026
Major Highway
Recreation/Community Centre
Days on Market
Current: 241 days
Room information is not available for this listing.
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