$798,000 FOR SALE

Business for Sale

Coin Laundromat

Lot: 30 x 54 ftTotal Area: 1,600 ft2

Toronto, ON | Dorset Park

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

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Listed By ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number E8313414
Last Updated May 08, 2024
Property Summary
Property Type Business For Sale

More like this:
Use Coin Laundromat
Franchise Non-Franchise
Category Without Property
Occupancy Owner
Possession Date TBD
Neighbourhood Dorset Park
Area Toronto
Price History
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Detailed Information
Lot 30 x 54 ft
Retail Area 1,600 ft2
Total Area 1,600 ft2
Approximate Age 6-15
Air Conditioning Y
Basement N
Chattels Y
Garage Type None
Parking Spaces 5
Days Open 7
Hours Open 8Am - 1
LLBO N
Employees 2
Heat Type Gas Forced Air Closd
Financial Statement N
Gross Income/Sales $23,000
Water Expense $2,000
Expenses Actual/Estimated Est
Estimated Inventory Values At Cost $2,500
Seats 4
Utilities Y
Water Municipal
UFFI No
Lot/Bldg/Unit Code Unit
Zoning Business
Seller Property Info Statement N

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