Milad Akrami
Sales Representative
Soltanian Real Estate, Brokerage
Independently owned and operated.
175 Willowdale Ave Suite 100, Toronto, Ontario M2N4Y9
Cell: 647-678-7799Office: 647-678-7799
$798,000
Available - For Sale
Listing ID: E8313414
| This is an immaculate large coin laundry run by a couple for the past 10 years. It is one of the BEST laundromats in this part of Toronto! The store comes with the following commercial machines: 5 single 10 lb units, 10 double load 20 lb units, 6 triple load 30 lb units, four maxi load 40 lb units (popular), two 60 lb units (popular), 22 30 lb dryer units, laundry soap dispenser (point of sale), coin/change machine, 7 large laundry carts. The store can be run remotely via cell phone. Hours of operation are chosen by current owners but may be changed for longer store hours. Gross revenues are between $22k - $23K per month. This is only with existing machines and point of purchase machine. HUGE POTENTIAL to increase profits with additional revenue streams such as; (i) wash & fold by the pound business, (ii) contract for hotel/motel/hospital towels & linen business, or even (iii) third party contract for dry cleaning business. Current owners have diligently drawn an increasing customer base by pure attention to detail. Therefore, the GOODWILL of this coin laundry is apparent by the very healthy existing client-base. As an added bonus, the owners have secured a new lease agreement effective October 31st, 2024 for 10 years plus 5 year option. |
| Extras: Existing chairs in store: 4 seater in front entrance and 1 chair in office/inventory room |
| Price | $798,000 |
| Taxes: | $0.00 |
| Tax Type: | T.M.I. |
| Occupancy by: | Owner |
| Province/State: | Ontario |
| Lot Size: | 30.00 x 54.00 (Feet) |
| Category: | Without Property |
| Use: | Coin Laundromat |
| Total Area: | 1600.00 |
| Total Area Code: | Sq Ft |
| Retail Area: | 1600 |
| Retail Area Code: | Sq Ft |
| Approximatly Age: | 6-15 |
| Financial Statement: | N |
| Chattels: | Y |
| Franchise: | N |
| Days Open: | 7 |
| Hours Open: | 8Am - 1 |
| Employees #: | 2 |
| Seats: | 4 |
| LLBO: | N |
| Water Expense: | $2000 |
| Gross Income/Sales: | $23000 |
| Estim Inventory Values At Cost : | 2500 |
| Expenses Actual/Estimated: | $Est |
| Heat Type: | Gas Forced Air Closd |
| Central Air Conditioning: | Y |
| Water: | Municipal |
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| ROYAL LEPAGE REAL ESTATE SERVICES LTD. |
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Milad Akrami
Sales Representative
Dir:
647-678-7799
Bus:
647-678-7799
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Sale Of Business |
| Area: | Toronto |
| Municipality: | Toronto |
| Neighbourhood: | Dorset Park |
| Lot Size: | 30.00 x 54.00(Feet) |
| Approximate Age: | 6-15 |
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