74 Charterhouse Crescent, London East (East P) - Business for Sale
74 Charterhouse Crescent, London East (East P), Ontario, N5W5V5
This business in London East is for sale. It has been on the market 8 days, fresher than the London East average of 54 days.
Description
Established legacy home staging and furniture rental business with over 40 years of operating history and significant untapped growth potential. The business operates from a spacious 9,142 sq. ft. commercial premises featuring two large open areas, a private office, additional enclosed rooms, ample storage space, and washroom facilities. The property offers ample free on-site parking and an overhead garage door for convenient loading and unloading. Favourable lease terms are in place, with existing subleases providing rental income to offset overall occupancy costs. The business specializes in home staging, furniture and appliance rentals, and rent-to-own options, supported by an established clientele and longstanding reputation in the industry. Despite its decades of success, the business has operated with minimal marketing and advertising, presenting tremendous growth potential for a buyer with a strong understanding of digital marketing, branding, and customer acquisition. A largely untapped market offers significant opportunities to expand the customer base, increase revenue, and introduce new services. The sale includes all business assets, with a detailed inventory list available upon request. An excellent turnkey opportunity to acquire an established legacy business with multiple revenue streams and substantial room for expansion under the right ownership. All information to be independently verified by the Buyer. (id:66096)
Property Details
- MLS®
- X14123492
- Property Type
- Business
- Business Type
- Retail and Wholesale
- Zoning
- LI1; LI3; LI7
- Lot Size
- 100 × 341 ft (34,171 sq ft)
- Frontage
- 100 ft
- Heating
- Other
- Cooling
- Partially air conditioned
- Listed
- 8 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Active: 8 days on market, against an average age of 54 days across the listings currently for sale in this city
This business in London East (East P) has been listed for 8 days, which is 46 days fresher than the city average of 54. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (N5W)
This home lists at $299,999, about 4.7× the local median household income of $64,500.
Carrying it typically needs a household income of about $58,600 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $64,500
- Population
- 24,740
- Median age
- 40.4
- Owner / renter
- 59% / 41%
- Avg. household size
- 2.1
Source: Statistics Canada, 2021 Census (FSA N5W)
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$299,999
London East