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$79,900
Available - For Sale
Listing ID: W10407644
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.
Price $79,900
Minimum Rental Term: 60
Maximum Rental Term: 120
Taxes: $0
Tax Type: N/A
Occupancy by: Owner
Address: 3437 Derry Rd East , Mississauga, L4T 1A8, Ontario
Postal Code: L4T 1A8
Province/State: Ontario
Lot Size: 25 x 60 (Feet)
Directions/Cross Streets: Derry Rd E & Goreway Dr
Zoning: Commercial Retai
Category: Without Property
Use: Furniture
Building Percentage: N
Total Area: 1,500
Total Area Code:  Sq Ft
Retail Area: 100
Retail Area Code: %
Area Influences: Major Highway   Public Transit
Business/Building Name: Comfort Night Mattresses
Financial Statement: Y
Chattels: N
Franchise: N
Days Open: 7
Hours Open: 9
Employees #: 0
Seats: 0
LLBO: N
Heat Type: Elec Forced Air
Central Air Conditioning: Y
Water: Municipal
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DONE DEAL REALTY INC.

3437 Derry Rd East , Mississauga, L4T 1A8, Ontario

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Freda Ziba
Sales Representative
Dir:
647-997-2120
Bus:
905-764-7111
Fax:
905-764-1274

 
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At a Glance:
Type: Com - Sale Of Business
Area: Peel
Municipality: Mississauga
Neighbourhood: Malton
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Lot Size: 25.00 x 60.00(Feet)
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Tax: $0
Maintenance Fee: $0
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Freda Ziba
Century 21, Heritage Group LTD. , Brokerage
7330 Yonge Street
Thornhill , ON , L4J7Y7
 CONTACT FREDA ZIBA
Cell: 647-997-2120
Office: 905-764-7111
Email: fzibahomes@gmail.com