Excellent opportunity to own a successful and fully equipped hair salon located on busy Yonge Street in Downtown Richmond Hill, surrounded by residential buildings and commercial businesses that generate a consistent flow of clients.
This turn-key salon has been recently renovated with over $80,000 invested in modern upgrades, creating a stylish and welcoming environment for clients. The business occupies approximately 1,046 sq ft of retail space and offers a wide range of services including hair styling, skin care, laser treatments, facials, and beauty services, serving a loyal and well-established customer base.
The sale includes all existing equipment, valuable inventory, brand assets, business number, marketing materials, website, and social media accounts, allowing the new owner to step in and operate immediately.
With low rent (approx. $3,616 including TMI) and a long lease available, this business offers strong potential for growth and profitability in one of Richmond Hill’s most desirable commercial corridors.
Perfect for owner-operators, beauty professionals, or investors looking to expand their portfolio with a well-established beauty business in a high-traffic location.
- Asking Price:
- $130,000 (CAD)
- Sales Revenue:
- $100K - $250K (CAD)
- Cash Flow:
- $50K - $100K (CAD)
Property Information
- Real Estate:
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Lease
- Location:
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Prime Yonge Street location in Downtown Richmond Hill, one of the busiest and most desirable commercial corridors in the area. The salon is surrounded by residential buildings, retail plazas, offices, and restaurants, providing high visibility and steady foot traffic. The location attracts both walk-in clients and loyal returning customers.
- Premises Details:
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The business operates in a well-maintained 1,046 sq ft retail unit with a modern interior design. Recently renovated with over $80,000 invested in upgrades, the space includes professional salon stations, treatment areas, reception, and waiting space. The layout is efficient and fully equipped, allowing the new owner to start operations immediately.
Business Operation
- Expansion Potential:
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There is significant potential to expand services such as laser treatments, medical aesthetics, advanced skincare services, beauty training, and retail beauty product sales. The business also has opportunities to grow through online marketing, social media promotion, and extended operating hours.
- Competition / Market:
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The beauty industry in the Richmond Hill area is active, however this salon benefits from a strong local reputation, loyal customer base, and prime location on Yonge Street. The established branding, existing clientele, and full equipment setup create a competitive advantage for continued success.
