$159,000 $854 est/mo Sourced by Back At You

1251 Yonge St,Toronto, ON M4T 1W6

Toronto ON, M4T 1W6

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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.

Details

MLS#C8064270
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site105
Listing Provided ByRE/MAX GOLD REALTY INC. | BackAtYou

Features

ZoningCommercail
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Toronto Real Estate Board.

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Learn More About This Property

ProvinceON
CountyToronto C09
CityToronto
Postal CodeM4T 1W6
AreaToronto
Community NameRosedale Moore Park
Listing VS Median (in Rosedale Moore Park)
Price:
$159,000
low | high
Med:
$0
On Site:
105
low | high
Med:
Sourced by Back At You
Listing Updated: March 27, 2024 at 9:46:36 PM PDT