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Exceptional opportunity to own a well-established and profitable Nail & Spa business in a highly desirable Midtown location. Successfully operating since 2007, this business has built a strong reputation and loyal clientele over the years.Ideally situated with excellent street visibility and high pedestrian traffic, just a 1-minute walk from the Avenue LRT station, providing convenient access for both clients and staff.The spacious premises feature approximately 1,958 sq. ft. on the main floor, plus an additional 1,100 sq. ft. basement, offering ample space for daily operations and future business expansion. Over $70,000 was invested in renovations and upgrades in March 2024, including new flooring, plumbing, and equipment.All service providers operate as independent contractors on a commission-based arrangement, offering a streamlined business model without direct employee payroll expenses for the owner.Currently operating 6 days a week (Tuesday to Sunday, 10 AM-7 PM; Monday closed).Attractive Lease Terms: Approximately 3.5 years remaining on the current lease, plus a 5-year renewal option. Low base rent of approximately $4,731/month, with TMI included in the total monthly cost of approximately $7,000.An excellent opportunity for both experienced operators and first-time business owners looking to acquire an established business with a proven operating history, loyal customer base, and significant potential for future growth!
With a 20% down payment of $35,998, your estimated payment is:
Listing history of 290 Eglinton Avenue over time.
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Comparison of listing prices over time. Each bar represents the average list price for that month. Use this chart to understand how the market's average asking price has trended recently. Each bar represents a price range, and the height indicates how many active listings fall within that range. Use this to see if this property's asking price is competitive, above, or below the market average. A higher concentration of bars around the current property's price suggests it's priced in line with comparable listings.
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