Property Information:

Very well established mattress and furniture retail business operating since last 10 years located in a highly populated Malton community at a busy corner of Derry Rd and Goreway Drive. It is a very popular mattress and furniture store in the community carrying highly recommended reviews on Google. It retails mattress, furniture, bed sheets, mattress protector, quilt, comforters, blankets, pillows, duvet etc. Spread over an area of 1500 SFT for a mattress and furniture store, displaying 15 models of mattresses and furniture in a very bright and spacious showroom. It is a family operated very profitable business supplied by two dedicated mattress manufacturers producing varieties of high quality mattresses. This business is the sales agent for three reputed furniture importers of Canada. Monthly average sale is $ 25000. The store had many records of previous monthly sales of more than $40,000 with a net income of $10000 in many months of the year. There is huge potential to introduce new home decorations items, beddings accessories along with bed sheets, comforter, blanket, pillows etc. to boost up the sale. Signboards and showroom have been installed with a new LED light system during winter of 2023 costing around $15,000.Current owner wants to sell the business due to health reasons. Leases will be transferred directly. Landlord family is very helpful and cooperative to the tenants and they are very respectful in the society. Location wise rent rate is very attractive. It's a running business with reputation of long 10 years and income generating from the 1st day. (id:27)