227 John Street, Belleville (Belleville Ward) - Business for Sale
227 John Street, Belleville (Belleville Ward), Ontario, K8N3E9
This business in Belleville is for sale. It has been on the market 62 days, fresher than the Belleville average of 79 days.
Description
Established in 1993, this long-standing and reputable home service business offers an opportunity to invest in a proven company and a lucrative skilled trade, with upside in a growing market. R&R Gas Services Inc. is a well-established Belleville HVAC, electrical and gas services contractor serving residential and commercial clients throughout the region. The business has built more than 30 years of goodwill, a diversified customer base ad an experience team consisting of four field employees and two office staff, including several long-term employees. Approximately 80% of the business is residential and 20% commercial, with no significant dependence on any single customer. Established operational systems are already in place, including Jobber for scheduling and invoicing and Sage for accounting. The current owner is prepared to provide a transition period to assist new ownership with operations, customer relationships and continuity of the business. Currently operated from the owner's property in Belleville, a purchaser can establish the business at a location that suits their future plans. The proposed transaction is a share sale, with excess cash, investments and other non-operating assets removed prior to closing. A strong opportunity to acquire an established local name, experienced workforce, operating systems customer relationships and decades of goodwill, with potential to build on an already successful home service business. (id:66096)
Property Details
- MLS®
- X13742032
- Property Type
- Business
- Business Type
- Service
- Zoning
- R1
- Heating
- No heat
- Cooling
- None
- Listed
- 62 days ago
Market Timing
Long Listed: 62 days on market, against an average age of 79 days across the listings currently for sale in this city
This business in Belleville (Belleville Ward) has been listed for 62 days, which is 17 days fresher than the city average of 79. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (K8N)
This home lists at $500,000, about 6.3× the local median household income of $79,000.
Carrying it typically needs a household income of about $97,668 (20% down, 25-yr amortization, stress-tested) — roughly 24% above the area median.
- Median household income
- $79,000
- Population
- 30,393
- Median age
- 48
- Owner / renter
- 70% / 30%
- Avg. household size
- 2.3
Source: Statistics Canada, 2021 Census (FSA K8N)
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$500,000
Belleville