Business For Sale · Specialty

2821 LAKE SHORE BOULEVARD W, Toronto (New Toronto)

2821 LAKE SHORE BOULEVARD W, Toronto (New Toronto), ON M8V1H6

$58,800 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

98%

About this property

Exceptional Opportunity To Own An Established Barbershop In A Prime Etobicoke Location! Strategically situated along busy Lake Shore Blvd West near Islington, this well-established barbershop offers excellent exposure, a strong local presence, and an outstanding opportunity for an entrepreneur looking to enter the industry or an existing barber looking to expand their business. The sale includes everything you need to hit the ground running, including all furniture, professional equipment, fixtures, established brand name, website, excellent Google reviews, and valuable goodwill. The spacious and thoughtfully designed premises feature 6 comfortable reclining barber chairs, a hair washing station, a welcoming reception area, a generous waiting lounge, a private lunch room, and a bathroom. As an added bonus, the entire basement is included, currently used for storage and offering valuable additional space! Enjoy an attractive lease in place with the opportunity to negotiate a longer-term extension. Even better, the rent is only $4,520 per month, inclusive of all taxes and utilities! Whether you're an experienced barber ready to become your own boss or an established operator looking to grow your footprint, this is an incredible turnkey opportunity in a sought-after Etobicoke location. (id:66811)

Financial sandbox

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Estimate
Purchase price$59K
Down payment30% · $18K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$272

Projected NOI

$4K

Annual cash flow

$566

Cash-on-cash

3.21%

DSCR

1.17

Going-in cap

6.50%

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

61,034

Households

28,735

Median income

$112,000

Median age

33.6

Daytime population

52,653

5-yr growth

1.3%

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

Secure deal room

Confidential diligence documents for 2821 LAKE SHORE BOULEVARD W, Toronto (New Toronto).

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.