261 HESPELER Road, Cambridge, Ontario N1R3H8

Property Description

Excellent opportunity to acquire an established Liquidation retail business. Sits right in the busy Tri-City business corridor on Highway 24/Hespeler Road. This central business hubs brings lots of traffic from towns like Kitchener, Waterloo, Cambridge, Guelph, and many more. Save Spot Liquidation offers approximately 5,400 sq. ft. of retail space with ample customer parking and a complete store setup, making this an ideal opportunity for an entrepreneur looking to take over an operating retail location without the expense and time of building from scratch. The sale includes approximately $55,000 in current inventory cost value, with an estimated retail value of $95,000, along with all existing shelving, display racks, store fixtures, TVs, and security camera systems. Attractive all inclusive lease terms with approximately 2.5 years remaining on the current lease and a 5-year renewal option, providing up to 7.5 years of potential lease term. The owner is selling due to other business commitments and limited time to manage this location. Landlord approval is required for the lease transfer. Seller will cover the landlord's lease transfer fees. Purchase price payable in full upon successful completion of the lease transfer and required documentation. A rare opportunity to acquire an established retail business with inventory, equipment, and a competitive lease in place. Contact for further details or to arrange a viewing! (id:5764)