Price: $679,900

38 Parkside Drive 9, Newmarket, ON L3Y 8J9

** WELL ESTABLISHED RUSSIAN STYLE SAUNA BUSINESS LOCATED IN THE CENTRE OF NEWMARKET ** OPERATING SINCE 2019 ** STEADY CLIENTELLE WITH STEADY REVENUE ** LARGE STEAM AND INFRARED SAUNAS ** TURKISH STEAM SAUNA ** COLD WATER BUCKETS TO COOL OFF ** MEN'S & WOMEN'S CHANGE ROOMS ** SHOWERS ** LOCKER ROOMS ** COZY LOUNGE AREA ** SHOWER FOR THE DISABLED ** COLD WATER SHOWERS ** FULL EQUIPPED KITCHEN WITH DINING ROOM AND LLBO LICENSE ** ENJOY TRADITIONAL FOODS AND A VARIETY OF COMPLIMENTARY TEAS WHILE RELAXING ** COOL WATER POOL ** BATHROOMS ** LAUNDRY MACHINES ** RECEPTION AREA ** OFFICE ** HOT WATER TANK & 2 TANKLESS WATER HEATERS ** WATER FILTERS ** CURRENT LEASE AGREEMENT IS FOR 5 YEARS EXPIRING NOVEMBER 30,2029 WITH AN OPTION TO RENEW FOR 5 MORE YEARS ** MONTHLY RENT $5,600 INCLUDING TMI, WATER & HST ** APPROX 2896 SQ FT **


Property Overview

Property type

Commercial - Sale Of Business

Building Area

N/A

List Price

$679,900

Gross Income

N/A

Annual Taxes

$10

Tax year

2025

Business Type

Spa/Tanning

Years in Business

N/A

Location

Newmarket, ON

Status

Active

Franchise

No

Last Updated

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Financial Information

Gross Revenue

Annual revenue

Seller's Discretionary Earnings

Normalized earnings

EBITDA

Operating profit

Financial Verification

All financial information is subject to verification during due diligence. Contact the seller for detailed financial statements and documentation.

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