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Upscale Mid-town Drycleaning Plant In Toronto For Sale

Toronto, Ontario, Canada
Asking Price:
$100K - $250K (CAD)
Sales Revenue:
$159,000 (CAD)
Cash Flow:
$50K - $100K (CAD)

Easily manageable, full service, dry-cleaning plant, catering to one of Toronto's most affluent neighborhoods. Fitted out with all necessary equipment. Nothing is outsourced. Potential to scale up by adding more branches, starting home delivery or serving wholesale clients. Promptly accessible by major highway and two TTC transit stops in front of store. A running business that could provide ongoing, tax efficient, cashflows from day one.

This is NOT a passive business.

Property Information

Real Estate:

Lease

Leasehold Rent:

$62,000 (CAD) per annum

Location:

Located in a fully developed, residential area, in mid-town Toronto. No possibility of any construction. Located in a plaza with other tenants including a spa, dentist, pharmacy, convenience store and pizza chain. Lots of free parking available.

Premises Details:

Limited time parking right in front. High ceiling inside the store. Two separate entrances. Front for walk-in customers and rear entrance with ramp for easy access to parking lot. Rent includes water charges.

Size in square feet:
1,200
Planning Consent:

None required.

Business Operation

Expansion Potential:

Area is surrounded by higher-income, relatively older customers who would be willing to pay extra for home delivery services. Very close proximity to highway allows for servicing wholesale clients.

Competition / Market:

Limited competition as most other cleaners have to outsource their cleaning (and pay for it). Other cleaners nearby have very limited parking available.

Reasons for selling:

Relocating.

Trading hours:

Mon - Fri: 8AM to 6PM
Sat: 10AM to 5PM
Closed on Sundays and long weekends.

Employees:
2
Years established:
15

Other Information

Support & training:

Ample training will be provided.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Dependent on buyer's credit profile.

Inventory / Stock value:
$4,000 (CAD)