Business For Sale · Specialty

108 - 150 SIDNEY STREET, Belleville (Belleville Ward)

108 - 150 SIDNEY STREET, Belleville (Belleville Ward), ON K8P5E2

$50,000 total

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Asset Class

Specialty

Size

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Building class

B

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

94%

About this property

Incredible Business Opportunity! Welcome to Moonlight Hair Studio, a well-established hair salon in a busy and highly visible location at 150 Sidney St. Previously operating as Zig Zag Hair Design, this salon has proudly served the community for approximately 37 years. Located in a busy plaza surrounded by Shoppers Drug Mart, Dollar Tree, restaurants, medical and professional services, providing excellent exposure and steady traffic. This turn-key salon offers approximately 1,340 sq. ft. with reception area, 7 stylist chairs, 4 rentable stations with sinks, 3 wash stations, 5 dryer chairs, colour bar, 2 washrooms, laundry/storage, staff lunch area and a private esthetic room with potential for additional services. Lease is $4767.60/mth +HST until July 31, 2030. Great opportunity for an owner-operator or investor! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$50K
Down payment30% · $15K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$231

Projected NOI

$4K

Annual cash flow

$1K

Cash-on-cash

6.77%

DSCR

1.37

Going-in cap

7.57%

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

114,426

Households

41,402

Median income

$86,000

Median age

44.6

Daytime population

145,642

5-yr growth

2%

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

Secure deal room

Confidential diligence documents for 108 - 150 SIDNEY STREET, Belleville (Belleville Ward).

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.