$650,000
FOR SALE

Business for Sale

Home Improvement

Total Area: 2,850 ft2

120 Norfinch Dr #21
Toronto, ON M3N 1X3 | Black Creek

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 fulfill 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 height clearance, the facility is impeccably equipped for efficient stone handling, featuring a 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 $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.
Extras
All Existing Chattels. All Business Numbers Are As Per Seller, Listing Broker Has As Not Verified Accuracy, Buyers Are Welcome To Perform Due Diligence.
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Listed By REAL ONE REALTY INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number W8410026
Last Updated Jun 10, 2024
Property Summary
Property Type Business For Sale

More like this:
Use Home Improvement
Franchise Non-Franchise
Business/Building Name Azar Marble
Category Without Property
PIN 769800021
Legal Description UNIT 21, LEVEL 1, TORONTO STANDARD CONDOMINIUM PLAN NO. 2980 AND ITS APPURTENANT INTEREST SUBJECT TO EASEMENTS AS SET OUT IN SCHEDULE A AS IN AT6355733 CITY OF TORONTO
Occupancy Tenant
Possession Date TBD
Directions/Cross Streets Finch & Jane
Neighbourhood Black Creek
Area Toronto
Price History

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Detailed Information
Total Area 2,850 ft2
Air Conditioning N
Basement N
Chattels Y
Garage Type Outside/Surface
Amps 80
Volts 600
Days Open 5
Hours Open 9AM-5PM
LLBO N
Employees 1
Heat Type None
Financial Statement N
Area Influences Major Highway
Utilities Y
Water Municipal
Clear Height 18 feet
Grade Level Shipping Doors 1
Crane Y
Lot/Bldg/Unit Code Lot
Zoning Employment Industrial Zone E1
Seller Property Info Statement N

The information contained on this site is based in whole or in part on information that is provided under copyright by the Toronto Regional Real Estate Board (TRREB) or by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. TRREB and CREA reproduce and distribute this information as a service for their members and assume no responsibility for its accuracy. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

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