30+ Years of Continuous Operations - This hair salon has been serving the Richmond Hill community at the same high-traffic Bayview Avenue location for over 30 years, with the current owner successfully at the helm for the last 15 years. The seller is now retiring, offering a rare opportunity to acquire a deeply established, turnkey operation. Why This Business Stands Out: Legacy & Clientele: Multi-decade presence in the plaza has cultivated an extremely loyal, consistent, and daily busy customer base. You are acquiring a proven reputation and immediate cash flow. True Turnkey Operation: Walk in and take over Day 1. Supported by a couple of reliable, long-term employees, allowing for smooth operation even with minimal initial salon involvement from the new owner. Systems are in place. Massive Expansion Potential (The Basement): The unit features approximately 1,055 sq. ft. of main floor space PLUS additional basement space. This is a significant value-add opportunity: Sublet the basement to a complementary health/beauty business (esthetics, lashes, spa, nails, skincare) to generate immediate additional monthly rental income. Expand service offerings into the basement to create a full-service "Salon & Spa" destination, increasing overall sales without relocating. FINANCIAL & OPERATIONAL: Profitable Operations: A consistently busy salon with verified financials available to qualified buyers upon signing a Confidentiality Agreement. Lease in Place: Current lease extension runs to May 31, 2028, with a clause for one further 5-year renewal option (Fair Market Value rent upon renewal). Equipment and Inventory onsite are all included. List will be provided with firmed offer. FINANCING AVAILABLE: VENDOR FINANCING may be available for qualified buyer. Terms to be discussed upon conditional agreement. The seller has spent a decade building supplier relationships, customer trust, and operational systems.DO NOT go direct & DO NOT speak to employees.
Address
Unit 10 - 10610 Bayview Avenue
List Price
$199,900
MLS® Status
New
Expiration Date
2026-09-10
Property Type
Commercial
Type of Dwelling
Sale Of Business
Transaction Type
Sale
Area
Richmond Hill
Sub-Area
Crosby
Region
York
Lot Depth
65
Lot Type
Unit
Lot Size Units
Feet
Lot Width
16
Total Building Area
2100
Occupant Type
Tenant
Cross Street
Bayview Ave./ Elgin Mills Rd E.
MLS® Number
N12889608
Listing Brokerage
BAY STREET GROUP INC.
Basement
Yes
Postal Code
L4C 3N8
Tax Amount
$6.50
Tax Year
2025
Site Influences
Major Highway, Recreation/Community Centre
Community Features
Major Highway, Recreation/Community Centre
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Type
Gas Forced Air Closed
Cooling Features
Yes
Garage Type
None
Water Source
Water System