Added 2 weeks ago
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Type: Sale Of Business
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Property Type: Commercial
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Business Type: Furniture
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Zoning: Commercial Retai
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Age: No Data
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MLS®#: W10407644
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Added: Nov 05, 2024 (2 weeks ago)
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Updated:
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Last Checked: 10 hours ago
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Listed By: DONE DEAL REALTY INC.
Very well established mattress and furniture retail business operating since last 10 years located in a highly populated Malton community at a busy corner of Derry Rd and Goreway Drive. It is a very popular mattress and furniture store in the community carrying highly recommended reviews on Google. It retails mattress, furniture, bed sheets, mattress protector, quilt, comforters, blankets, pillows, duvet etc. Spread over an area of 1500 SFT for a mattress and furniture store, displaying 15 models of mattresses and furniture in a very bright and spacious showroom. It is a family operated very profitable business supplied by two dedicated mattress manufacturers producing varieties of high quality mattresses. This business is the sales agent for three reputed furniture importers of Canada. Monthly average sale is $ 25000. The store had many records of previous monthly sales of more than $40,000 with a net income of $10000 in many months of the year. There is huge potential to introduce new home decorations items, beddings accessories along with bed sheets, comforter, blanket, pillows etc. to boost up the sale. Signboards and showroom have been installed with a new LED light system during winter of 2023 costing around $15,000.Current owner wants to sell the business due to health reasons. Leases will be transferred directly. Landlord family is very helpful and cooperative to the tenants and they are very respectful in the society. Location wise rent rate is very attractive. It's a running business with reputation of long 10 years and income generating from the 1st day.
Property
Status: Sale
Type: Furniture
Property Type: Sale Of Business
Property Type: Without Property
Area: Mississauga
Community: Malton
Availability Date: Flexible
Inside
Air Conditioning: Y
Building
Basement: N
Heat Type: Elec Forced Air
UFFI: No
Energy Certificate: N
Green Verification Status: N
Freestanding: N
Water Supply: Municipal
Physically Handicapped-Equipped: N
Parking
Garage Type: None
Fees
Tax Year: 2023
Taxes Type: N/A
Land
Cross Street: Derry Rd E & Goreway
Municipality District: Mississauga
Parcel Number: 132640652
Lot Depth: 60 Feet
Lot Frontage: 25 Feet
Zoning: Commercial Retai
Commercial Specific
Retail Area: 100
Retail Area Metric: %
Terms: 120
Total Area: 1500
Total Area Metric: Sq Ft
Minimum Rental Months: 60
Hours Open: 9
Area Influence: Major Highway
Area Influence: Public Transit
Days Open: 7
Franchise: N
Tangible Property Included: N
Lot Code: Unit
Business/Building Name: Comfort Night Mattresses
Financial Statement: Y
LLBO: N
St Raphael School
Elementary: CatholicCorliss Public School
Elementary: PublicLancaster Public School
Elementary: PublicDunrankin Drive Public School
Elementary: PublicHoly Cross School
Elementary: CatholicRidgewood Public School
Elementary: PublicAscension of Our Lord Secondary School
Secondary: CatholicHoly Cross Catholic Academy High School
Secondary: CatholicFather Henry Carr Catholic Secondary School
Secondary: CatholicNorth Albion Collegiate Institute
Secondary: PublicWest Humber Collegiate Institute
Secondary: PublicLincoln M. Alexander Secondary School
Secondary: Public
