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Dance/Martial Arts/Fitness/Office Space For Sale

York Region, Ontario, Canada
Asking Price:
On request Furniture / Fixtures included
Sales Revenue:
On request
Cash Flow:
On request

Approximately 6000 square foot upper level space, previously operated as a Martial Arts and Fitness Facility located in Newmarket. Newly renovated, open space with locker room, private change rooms, renovated washrooms, office, and separate personal training room, also has additional space that can be used for Yoga, ballet, tutorial, board room, offices etc. Unit has numerous windows all around and brings in natural light. Located on Davis Drive and Main Street across from the Go Station, close to the South Lake Hospital, Schools and Residential Neighbourhoods. Area is vibrant with lots of great restaurants, microbreweries and medical offices.

Open space for all kinds of use: Martial Arts, Kickboxing, Yoga, Dance Studio, Offices etc.

Property Information

Real Estate:

Lease

Lease Terms:

5 years plus 5 years
Approximately $10,000 per month plus TMI

Lease Rent:
$20 (CAD) per sq ft per annum
Location:

6000 square feet, upper floor, open space for fitness centre, training, martial arts, dance studio, yoga, private offices. Located on Davis Drive (Newmarket) with excellent visibility across from the GO Station, close to South Lake Hospital, lots of great restaurants in the area

Premises Details:

6000 square feet - recently renovated, change rooms with lockers, washrooms, separate room for personal training along with another room that can be converted into a board room, dance studio, office etc
Previously operated as a martial arts studio
Utilities $400-$700 per month (depending on monthly events)
Insurance $262 per month

Size in square feet:
6000 square feet

Business Operation

Expansion Potential:

Endless opportunity - across from Go Station, lots of traffic

Other Information

Financing available:

YES

Furniture / Fixtures value:
$150,000 (CAD) - included in the asking price
Inventory / Stock value:
$1 (CAD)
Business closed / Asset sale:
Yes
Distressed:
This business is a turnaround opportunity