15 Oxford Street, Tillsonburg, Ontario N4G 3P3

Listed for:
$329,000
0 beds
0 baths
Listed 222 days ago
15 Oxford Street, Tillsonburg, Ontario N4G 3P3

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Listing provided by:
ROYAL LEPAGE FLOWER CITY REALTY
MLS® number:
X7259438
Agent:
Tejwant Singh
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About

Appliance store and mattress store for sale in the city of Tillsonburg Ontario. Well established and running successfully for well over 10 years. The store has its own services department. Owners are retiring. First time on market. Financially and are available for the last 3 years. NDA required. Dealership of GE, Maytag, Kitchen-aid, whirlpool, Frigidaire. Electrolux, Distinctive Appliances Inc, Mabe, Panasonic. Training provided if needed. Strong gross margins in the business. Strong and reliable servicing department with experienced staff. Built in working kitchen for the marketing, Two washroom's for employees and customers. Wheelchair accessible. Huge parking. Landlord willing to sign long lease with options to renew. Turn key! 2 full time employees and 4 part time employees. **** EXTRAS **** New lease term to be negotiated - Landlord willing to negotiated in good faith terms and condition of the new lease. Financial statement and inventory list available upon signing NDA. Sale of shares is preferred by seller. (id:27476)

Property Highlights

Type
Cooling type
Fully air conditioned
Heating fuel
Natural gas
Fireplace
No
Construction material
Parking space
Ownership Type
Amenities nearby

Location

Summary

An established appliance and mattress store in Tillsonburg, Ontario is now available for purchase. With over a decade of successful operation, the store boasts its own service department and is being sold as the owners are retiring. This is the first time the business has been on the market, and financial records for the past three years are accessible with the signing of a non-disclosure agreement.

The store holds dealerships with reputable brands such as GE, Maytag, Kitchen-aid, Whirlpool, Frigidaire, Electrolux, Distinctive Appliances Inc, Mabe, and Panasonic. The owners are willing to provide training if necessary, and the business maintains strong gross margins. Additionally, the servicing department is reliable and staffed with experienced employees.

Featuring a built-in working kitchen for marketing purposes, as well as two washrooms for both employees and customers, the property is wheelchair accessible and offers ample parking. The landlord is open to signing a long lease with options to renew, making this a turnkey opportunity. The business currently employs two full-time and four part-time staff members.

For interested parties, the terms of a new lease can be negotiated in good faith with the landlord. Upon signing an NDA, financial statements and an inventory list will be made available. The seller prefers the sale of shares.

Additional property details include its location at 15 Oxford St. in Tillsonburg, Ontario, with a postal code of N4G3P3. The property is fully air conditioned.