21 - 120 Norfinch Dr, Toronto, M3N 1X3

Listing Overview

Description

A unique chance awaits to own a prestigious natural stone wholesaler located in North York, specializing in premium materials such as marble, granite, onyx, and travertine. With a vast selection of over 300 unique stone slabs to fulfil every customer's vision, this esteemed business has cultivated a loyal clientele since its establishment in 2023, showcasing consistent growth. Positioned strategically among Ontario's foremost marble establishments, the business operates from an expansive 2,850 sq ft showroom-gallery. Boasting an impressive 18-foot heightclearance, the facility is impeccably equipped for efficient stone handling, featuring a new 5-ton rail-mounted gantry crane and a convenient truck level shipping door, ensuring seamless loading and unloading operations. Benefiting from a secure lease with 4.5 years remaining and an option to extend for an additional 5 years, the monthly rent stands at approximately $5,878 (inclusive of TMI). With current monthly sales reaching approximately over $87,516 and a low cost of goods sold (approximately 16%), this venture offers substantial profit potential. Monthly expenses include wages (approx. $4,300), utilities (approx. $380), phone and internet (approx. $45), and business insurance (approx. $178). The asking price includes a substantial inventory valued at approximately $351,070 with a market value of over $1,500,000.

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On Market

Sale Of Business

Property Type

$0 / Year

Est. Taxes

Without Property

Style

Home Improvement

Business Type

N

Franchise