110 MITTON STREET South, Sarnia110 MITTON STREET South, Sarnia — photo 2110 MITTON STREET South, Sarnia — photo 3110 MITTON STREET South, Sarnia — photo 4110 MITTON STREET South, Sarnia — photo 5110 MITTON STREET South, Sarnia — photo 6110 MITTON STREET South, Sarnia — photo 7110 MITTON STREET South, Sarnia — photo 8110 MITTON STREET South, Sarnia — photo 9110 MITTON STREET South, Sarnia — photo 10110 MITTON STREET South, Sarnia — photo 11110 MITTON STREET South, Sarnia — photo 12110 MITTON STREET South, Sarnia — photo 13110 MITTON STREET South, Sarnia — photo 14110 MITTON STREET South, Sarnia — photo 15110 MITTON STREET South, Sarnia — photo 16110 MITTON STREET South, Sarnia — photo 17110 MITTON STREET South, Sarnia — photo 18110 MITTON STREET South, Sarnia — photo 19110 MITTON STREET South, Sarnia — photo 20110 MITTON STREET South, Sarnia — photo 21110 MITTON STREET South, Sarnia — photo 22110 MITTON STREET South, Sarnia — photo 23110 MITTON STREET South, Sarnia — photo 24110 MITTON STREET South, Sarnia — photo 25110 MITTON STREET South, Sarnia — photo 26110 MITTON STREET South, Sarnia — photo 27110 MITTON STREET South, Sarnia — photo 28110 MITTON STREET South, Sarnia — photo 29110 MITTON STREET South, Sarnia — photo 30110 MITTON STREET South, Sarnia — photo 31110 MITTON STREET South, Sarnia — photo 32110 MITTON STREET South, Sarnia — photo 33110 MITTON STREET South, Sarnia — photo 34110 MITTON STREET South, Sarnia — photo 35110 MITTON STREET South, Sarnia — photo 36110 MITTON STREET South, Sarnia — photo 37110 MITTON STREET South, Sarnia — photo 38110 MITTON STREET South, Sarnia — photo 39110 MITTON STREET South, Sarnia — photo 40110 MITTON STREET South, Sarnia — photo 41
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Business For Sale · Specialty

110 MITTON STREET South, Sarnia

110 MITTON STREET South, Sarnia, ON N7T3C1

$129,900 total

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Asset Class

Specialty

Size

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Building class

A

Zoning

US — Urban Services

$ / SF

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Occupancy

84%

About this property

ESTABLISHED BUSINESS FOR SALE. AL'S VACUUM AND SEWING CENTRE HAS OPERATED IN THIS SAME LOCATION FOR OVER 40 YEARS. SERVICING SARNIA LAMBTON SINCE 1964 THE BUSINESS ALSO INSTALLS AND SERVICES CENTRAL VAC SYSTEMS. THIS IS A PROFITABLE TURN KEY BUSINESS. SALE PRICE INCLUDES ALL EQUIPMENT, INVENTORY AND INTELLECTUAL PROPERTY. LEASE CAN BE PUT IN PLACE FOR THE BUYER OF THE BUSINESS. BUILDING AND LAND CAN ALSO BE PURCHASED SEPARATELY. LOCATED IN THE HEART OF MITTON VILLAGE COMMERCIAL DISTRICT THIS VERY WELL MAINTAINED BUILDING FEATURES 2800 SQFT MAIN FLOOR AND 1300 SQFT UPPER FLOOR. THE UPPER FLOOR IS CURRENTLY USED FOR SEWING CLASSES AND OFFICES. PLEASE CONTACT LISTING REALTOR FOR DETAILS. LIST PRICE IS PLUS HST. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$130K
Down payment30% · $39K
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$600

Projected NOI

$7K

Annual cash flow

$-340

Cash-on-cash

-0.87%

DSCR

0.95

Going-in cap

5.28%

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

137,569

Households

49,189

Median income

$129,500

Median age

37.3

Daytime population

147,379

5-yr growth

6.6%

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

Secure deal room

Confidential diligence documents for 110 MITTON STREET South, Sarnia.

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.