Business For Sale · Specialty

122 DIVISION STREET South, Kingsville

122 DIVISION STREET South, Kingsville, ON N9Y1P6

$64,900 total

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Asset Class

Specialty

Size

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Building class

C

Zoning

US — Urban Services

$ / SF

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Occupancy

88%

About this property

Fantastic opportunity to own Kingsville Cycle Works, a well-established bicycle shop in the heart of beautiful Kingsville. This turnkey business serves both the local cycling community and the steady stream of visitors drawn to the area. The shop offers bicycle sales, service, accessories, and popular seasonal bike rentals, with an extensive amount of chattels and equipment included, allowing a new owner to step right in and continue operations. Kingsville Cycle Works has built an excellent reputation in the community, supported by 5-Star Google Reviews and a loyal client database of over 1,200 customers and growing. Kingsville continues to grow as a tourism destination, attracting visitors to its Lake Erie waterfront cycling routes and renowned Essex County wineries, and is located steps away from the Chrysler Canada Greenway Trail, one of the region’s most popular cycling routes. The business has experienced strong year-over-year sales growth and is well positioned to benefit from continued tourism and seasonal rental demand. (id:66811)

Financial sandbox

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Estimate
Purchase price$65K
Down payment30% · $19K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$300

Projected NOI

$4K

Annual cash flow

$603

Cash-on-cash

3.10%

DSCR

1.17

Going-in cap

6.47%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

109,773

Households

45,561

Median income

$63,500

Median age

39.6

Daytime population

132,517

5-yr growth

0.7%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 122 DIVISION STREET South, Kingsville.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.