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394 MERRITT Street

St. Catharines

$1,250,000
MLS Number: 40065669

Description:

Well-established car lot in the heart of auto commerce area in St. Catharines. This is a unique opportunity to take over a profitable business with a great reputation and client base. The sale of Business and Land together provide tremendous value. New St. Catharines zoning by-laws will not allow any more land allocated to car sales lots, making this location highly sought after. To keep car lot zoning designation new owner must continue the current use. This business has stood the test of time, profitable since 1973. Owners are now looking to retire. Possible VTB is available. Price does not include current inventory and finance contracts which can be transferred to the new owner at cost. Dealership OMVIC license to be transferred upon approved application to OMVIC. Must have OMVIC sales License which is easy to attain. Carlot holds up to 30 cars and includes a 1.5 car garage for minor repairs and cleanups, an office space, and a washroom. Established a network of relationships to provide safety for vehicles, repairs, consumer financing for vehicles, inventory acquisition from auction companies, and parts acquisition. This is a complete turnkey opportunity.

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Property Details
Status: For Sale
Address: 394 MERRITT Street, St. Catharines, L2P 1P4
MLS: 40065669
Lot Size: 66.01 x 87.00
Heating Fuel: Space Heater(s)
Cooling: Window Unit
Water: Municipal
Floor Space: 0
Lot Size: 66.01 x 87.00
Map

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