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$99,000 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
90%
A rare opportunity to take over a well-established and highly reputable business with 14 years of proven operation! Built on a strong foundation of loyal repeat clientele and exceptional customer service, the business has earned an impressive Google rating and a strong reputation in the community.Ideally situated in a well-established residential area, with the Nepean Sportsplex and other amenities nearby, the location offers excellent visibility, accessibility, and a strong surrounding customer base. Dedicated parking directly in front of the unit adds tremendous convenience for clients.The functional layout features multiple private rooms, each with its own sink, providing flexibility for a variety of services. The unit also offers a full bathroom and a separate accessible bathroom, making the space highly practical and ready for continued operation.The real opportunity is the untapped growth potential. A new owner could expand the existing service offerings by introducing manicure, pedicure, and other complementary beauty services, creating additional revenue streams without the need for a major renovation or relocation.Established clientele. Proven track record. Outstanding online reputation. Prime location. Dedicated parking. Multiple private service rooms. Significant room to grow.A fantastic opportunity for an owner-operator or an experienced entrepreneur looking to acquire an established business and take it to the next level. (id:66811)
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Monthly debt service
$457
Projected NOI
$7K
Annual cash flow
$1K
Cash-on-cash
3.96%
DSCR
1.21
Going-in cap
6.73%
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.
Trade area within 3 miles of the property.
Population
73,343
Households
28,712
Median income
$80,500
Median age
42.3
Daytime population
100,064
5-yr growth
7.8%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 7 - 1950 MERIVALE ROAD, Ottawa.
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.