Real estate brokerage licensed in Ontario, Canada ... selling worldwide.

North Bay Highway 17 E (North Bay, Ontario, CA - P1B 4Z1) Built

$425,000 CAD
REDUCED

On Georgian Bay Real Estate Inc., Brokerage

Andrew Sobczak Andrew Sobczak 1 705 543 1341 (Cell) Request More Info

  • 2 businesses (dry cleaning + party store) + building in North Bay
  • Type: Commercial
  • Style: Commercial
  • Development Level: Built
  • Taxes: $10,000.00 CAD

Description

2 businesses (dry cleaning and party store) for sale with property in North Bay, Ontario.
Well established dry cleaning plant that has been operating over 40 years and a
retail party store outlet.
Both business complement each other immensely and have the same customer entrance and staff.
All the equipment in the dry cleaners has been upgraded in the past 7 years with new eco friendly dry cleaning machine, boiler, presses, sewing machine, washers etc.
This is a turnkey operation with excellent, loyal and long term staff.The sales are very stable and there is very little competition.
The population of North Bay and area is around 65,000 and there is only one other dry cleaner and party store in town.
1km of Canadian tire, Staples, Montana, Harveys Sobeys, Marks Work Warehouse, McDonald, Michaels, SportsCheck, Dollarama.
Located in the most prestigious area of North Bay at the junction of highway 11 and 17. Lot size 39.90` x 78.08`.

Solid brick 2,244 sq ft building with ample parking, recently appraised at $250K + $150k for goodwill and equipment
(includes dryers, washer, computer, boiler, presses, dry cleaning machine and goodwill) and party store inventory at cost (approx 50k).
Recent Dry cleaning sales are $153k per annum
Recent Party Store sales are $127K per annum
Annual cash flow is around 70K, it could potentially be $100K per year
This is an opportunity for a family purchase and could potentially increase the income to over 100k. A fantastic return on investment.


You will be the proud owner of full dry cleaning plant + retail party store + building with a new heating system, computerized dry cleaning software,
monitored alarm system, central telephone system, new bright outside signage,
exceptionally well managed business with same owner over 15 years and previous owner over 25 years.
It would be an excellent business for a new immigrant family or a family business.

The party store is an additional bonus business with all party, movies themes.
It is a must visit for all seasonal holidays, anniversaries and birthdays.
A significant portion of sales are from the highly profitable helium balloon customer demand.
Definitely a exciting well diversified business model.
Audited financial statements, photos, receipts and invoices available.

Property taxes $10k. Asking price $425k REDUCED
brokered by Century 21 Blue Sky Region Realty

ALSO FOR SALE: 1.4 acre building lot with sandy beach, pebbles, rocky point, surrounded by 18,000 acres of LaCloche provincial park and fronting 295'' on North Channel of Lake Huron, offers world class sailing ...
it can be accessed on foot 3 km through forest from Fort LaCloche or by water or air ... there are no roads through the park
closest marinas in town of Little Current or MacBean Harbour in Sagamok reserve are 9 miles away ...
backing into quartz covered mountains with several small lakes on top
hunting is allowed in the park according to MNR ...
strong cellular signal, survey is available ...

Attachments

P2#259090894
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Information is deemed to be correct but not guaranteed.

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