506055 Highway 89 Highway, Mulmur - Business for Sale
506055 Highway 89 Highway, Mulmur, Ontario, L9V0N6
This business in Mulmur is for sale. It has been on the market 60 days, fresher than the Mulmur average of 100 days.
Description
Turnkey OMVIC-registered auto dealership - 13 years of continuous operation with $1M+ in annual sales. Fully equipped and running from day one. Rent only $960.50/mth incl. utilities, a cost structure almost unheard of in this industry. Storage for approx. 50 vehicles: open lot fronting the office holds approx. 20 units, plus a separate secured gated compound for another 30. Buyer inherits a complete operating platform - established website, DealerTrack financing portal, 4 dealer plates, buying privileges at leading auctions across Canada and the US, relationships with 2 warranty providers, National Exhaust parts account, and processing access at several ServiceOntario branches incl. Saturdays. Working capital already arranged: $100,000 floorplan financing (increasable subject to credit) plus a further $100,000 exterior credit facility. No prior experience required - vendors will train the incoming owner. Ideal for enthusiasts, passive investors, or first-time business buyers. Financials available to qualified buyers on signed confidentiality agreement. 4 dealer plates, DealerTrack portal, established website, 2 warranty providers, National Exhaust account, ServiceOntario processing access (Sat. included). $100K floorplan + $100K exterior credit. Approx. 50-car capacity. Vendor training provided. (id:66096)
Property Details
- MLS®
- X13747254
- Property Type
- Business
- Business Type
- Automobile
- Zoning
- GC
- Parking
- 50
- Heating
- Other
- Cooling
- Fully air conditioned
- Listed
- 60 days ago
Features
- Lot Features
- Irregular lot size
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 60 days on market, against an average age of 100 days across the listings currently for sale in this city
Homes here sell slower than most markets
Sold homes in this market spent an average of 80 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell below asking price
Homes in this market sold for an average of 92.8 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This business in Mulmur has been listed for 60 days, which is 40 days fresher than the city average of 100. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (L9V)
This home lists at $399,000, about 3.8× the local median household income of $105,000.
Carrying it typically needs a household income of about $77,939 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $105,000
- Population
- 17,750
- Median age
- 40
- Owner / renter
- 86% / 14%
- Avg. household size
- 2.9
Source: Statistics Canada, 2021 Census (FSA L9V)
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$399,000
Mulmur