555 NORTH RIVERMEDE RD, VAUGHAN ON L4K 3V2 Photo 1 555 NORTH RIVERMEDE RD, VAUGHAN ON L4K 3V2 Photo 2 555 NORTH RIVERMEDE RD, VAUGHAN ON L4K 3V2 Photo 3 555 NORTH RIVERMEDE RD, VAUGHAN ON L4K 3V2 Photo 4 555 NORTH RIVERMEDE RD, VAUGHAN ON L4K 3V2 Photo 5 555 NORTH RIVERMEDE RD, VAUGHAN ON L4K 3V2 Photo 6 555 NORTH RIVERMEDE RD, VAUGHAN ON L4K 3V2 Photo 7 555 NORTH RIVERMEDE RD, VAUGHAN ON L4K 3V2 Photo 8

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UNBRANDED Auto Repair with Massive Potential!!

555 NORTH RIVERMEDE RD -
Fantastic opportunity to Pick up a running Business with Frontage Facing Highway 7. Spacious 5660 Square foot and perfect layout 8 Bays Total 4 + 4 Tandem with 8 near new large Glass roll-up doors on each side. More than 7 years on the Lease Low monthly Rent only $6442 inclusive: Rent; TMI; Garbage and HST.  The shop comes fully equipped with Balancer, tire machine, compressor, hoists (1 is a 14 ton Drive on), and more.  1 Licenced Mechanic and 1 Apprentice both can stay. Owner is retiring and all existing customers can remain, includes the Business database. 20 Years of Same ownership and Same location.
 
Automotive is Becoming rare, this shop is in a Plaza Anchored with a McDonald's, and Near the Massive Vaughan Metropolitan Centre that will bring a major Population increase from 12,000 new residences coming soon!
 
 
 
 
8- BAY AUTO SERVICE LTD.  
Statement of Operation and Retained Earnings    
     
March 31,2016, with comparative figures for 2015  
(Unaudited- see Notice to Reader)    
     
  2016 2015
Sales (verifiable only) 333,287 316,682
     
Direct Costs    
Tires, Parts, Lubricants and services 125,552 122,867
Rent, Utilities and municipal taxes 83,843 82,378
Wages 50,395 43,839
Total 259,790 249,084
     
     
Expenses    
Management salaries 34,000 34,000
Insurance  7,147 8,382
Telephone 5,778 5,696
Office and general  3,968 4,755
Advertising  3,816 4,147
Interest and Bank Charges 2,078 2,191
Professional fees 3,150 3,150
Total Expenses 56,121 62,321
     
     
     
 
   
     
     

Property Details

  • Property ID: 101267008
  • New Construction: No
  • Style: Residential
  • Status: Active
Listed By Ryan Anderson of CENTURY 21 Millennium Inc., Brokerage*