1251 Yonge St
Toronto, M4T1W6
For Sale
$159,000
➧
➧
Without Property
CATEGORY610 Sq Ft
TOTAL AREAC8064270
MLSIDContact Us
Property Description
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.
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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*
Property Details
Category
Without Property
Usage
Dry Clean/Laundry
Zoning
Commercail
Total Area
610 Sq Ft
Taxes
$6,000 (2023)
Air Conditioning
Yes
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Listing contracted with Re/Max Gold Realty Inc.
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