Business For Sale · Specialty

370 EASTBRIDGE Boulevard Unit# B, Waterloo

370 EASTBRIDGE Boulevard Unit# B, Waterloo, ON N2K4P1

$129,900 total

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Asset Class

Specialty

Size

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Building class

B

Zoning

US — Urban Services

$ / SF

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Occupancy

86%

About this property

Excellent opportunity to own a beautifully designed and fully equipped spa business in the desirable Eastbridge area of Waterloo. Lavish Spa 387 offers a modern, welcoming environment with an established setup ideal for a variety of beauty and wellness services. The space features a stylish reception and waiting area, manicure and pedicure stations, private treatment rooms, washroom, sanitation area, hand-wash sinks and on-site laundry facilities. The functional layout allows multiple professionals and services to operate comfortably under one roof. Located in a busy commercial plaza at 370 Eastbridge Boulevard with convenient on-site parking and surrounded by an established residential community. This turnkey space provides an excellent opportunity for an owner-operator, beauty professional, aesthetician or entrepreneur looking to step into an already completed salon/spa setup without the time and expense of building from scratch. A great opportunity to bring your own vision and grow your beauty, wellness or aesthetics business in a sought-after Waterloo location. (id:66811)

Financial sandbox

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Estimate
Purchase price$130K
Down payment30% · $39K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$600

Projected NOI

$8K

Annual cash flow

$492

Cash-on-cash

1.26%

DSCR

1.07

Going-in cap

5.92%

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

131,555

Households

58,416

Median income

$64,000

Median age

39.1

Daytime population

155,601

5-yr growth

5%

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

Secure deal room

Confidential diligence documents for 370 EASTBRIDGE Boulevard Unit# B, Waterloo.

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.