$159,000 FOR SALE

Business for Sale

Dry Clean/Laundry

Total Area: 610 ft2
2023 Taxes: $6,000

1251 Yonge St #3
Toronto, ON M4T 1W6 | Rosedale-Moore Park

Unlock the gateway to entrepreneurial success with this dynamic dry cleaning depot in downtown Toronto! Nestled at Yonge St and St. Clair for over 30 years, it commands a loyal customer base and generates weekly sales of $3,800, with a net income of $90,000 annually. Spread across 610 square feet, the depot offers seamless operation with three efficient sewing machines, catering to various alteration needs. With a newly secured five-year lease starting June 24, 2023, inclusive of utilities such as TMI, Gas, and Water, the overheads remain remarkably low at $3,106 plus HST per month. Operating six days a week (9 AM to 6 PM on weekdays, 9:30 AM to 5 PM on Saturdays), this business presents a golden opportunity. Boasting 16 years of dedicated expertise, the current owner, who wishes to retire, ensures a smooth transition for the buyer. With no franchise obligations and the business up for sale, this turnkey operation is positioned for exponential growth.

Extras
Very Low Rent @ $3106 plus HST/Month(including Tmi/Gas/Water), Weekly Sales $3800, Net Income$90,000/Year. 16 Years Operation(Current Owner),610 Sq.ft. *HIGH QUALITY CUSTOMERS/BIG POTENTIAL FOR ALTERATIONS*

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Listed By RE/MAX GOLD REALTY INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number C8064270
Last Updated Mar 27, 2024
Property Summary
Property Type Business For Sale

More like this:
Use Dry Clean/Laundry
Franchise Non-Franchise
Category Without Property
Occupancy Tenant
Possession Date Tenant
Taxes (2023) $6,000
Tax Type Annual
Directions/Cross Streets Yonge St / St. Clair
Neighbourhood Rosedale-Moore Park
Area Toronto
Price History
Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Freestanding Y
Total Area 610 ft2
Air Conditioning Y
Basement N
Chattels Y
Garage Type None
Days Open 6
Hours Open 9 Am- 6
LLBO N
Employees 1
Heat Type Gas Forced Air Open
Financial Statement N
Seats 1
Water Municipal
Lot/Bldg/Unit Code Unit
Zoning Commercail
Seller Property Info Statement N

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