03-1251 Yonge Street, Toronto | Image 1

03-1251 Yonge Street

Toronto, Rosedale-Moore Park

  • Commercial

$159,000
For Sale

Added 1 week ago

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  • Type: Sale Of Business

  • Property Type: Commercial

  • Business Type: Dry Clean/Laundry

  • Zoning: Commercail

  • Age: No Data

  • Taxes: 6000

  • MLS®#: C8064270

  • Days on Site: 7 Days

  • Added: Feb 13, 2024 (1 week ago)

  • Updated:

  • Last Checked: 2 hours ago

  • Listed By: RE/MAX GOLD REALTY INC.

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*

Property

  • Status: Sale

  • Type: Dry Clean/Laundry

  • Property Type: Sale Of Business

  • Property Type: Without Property

  • Area: Toronto

  • Community: Rosedale-Moore Park

  • Availability Date: Tenant

Inside

  • Air Conditioning: Y

Building

  • Basement: N

  • Heat Type: Gas Forced Air Open

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: None

Fees

  • Tax Year: 2023

  • Taxes: $6,000

  • Taxes Type: Annual

Land

  • Cross Street: Yonge St / St. Clair

  • Municipality District: Toronto C09

  • Zoning: Commercail

Commercial Specific

  • Number of Employees: 1

  • Total Area: 610

  • Total Area Metric: Sq Ft

  • Hours Open: 9 Am- 6

  • Days Open: 6

  • Franchise: N

  • Tangible Property Included: Y

  • Lot Code: Unit

  • Seats: 1

  • Financial Statement: N

  • LLBO: N

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