Well-Established Laundromat - Cash-Based Revenues For Sale

Property Information

Real Estate:

Lease

Leasehold Rent:

$135,168 (CAD) per annum

Location:

The business is situated in Toronto, Ontario, in an established urban residential and commercial area. The location benefits from direct bus service, ample on-site parking, and accessibility for local residents and walk-in customers. Operating at this location for over 20 years, they have built a longstanding presence within the surrounding community. Its convenient location and established customer base make it an attractive opportunity for a new owner.

Premises Details:

The business operates from a leased commercial premises of approximately 1,500 square feet in Toronto, Ontario. The premises include the laundromat floor, back room, office, and designated wash-and-fold area. The facility underwent improvements in 2023, including updated walls, paint, and lighting. The space is currently utilized for coin-operated self-service laundry and wash-and-fold operations. The existing lease and equipment financing arrangements will need to be reviewed by prospective purchasers.

Business Operation

Management type:

This business is owner operated.

Expansion Potential:

Key opportunities include reintroducing walk-in wash-and-fold service once the delivery operation vacates; adding dry cleaning in-house or through a third-party partner; expanding commercial accounts such as hotels, gyms, and salons; increasing card-payment availability; replacing selected machines; and completing the flooring and facility upgrade. The overview also identifies an opportunity to reconnect with former customers after the delivery operation leaves the premises.

Competition / Market:

The laundromat serves a local, predominantly residential walk-in customer base in an area described as having a high concentration of renters and a diverse immigrant population. The business benefits from more than 20 years of neighbourhood presence, nearby bus service, and on-site customer parking. The supplied overview reports no major laundromat competitors in the immediate vicinity. Revenue is predominantly cash-based, with coin-operated wash-and-dry representing 90.5% of revenue in the January–August 2026 revenue breakdown. One recurring commercial account contributes additional revenue.

Reasons for selling:

The delivery business is expanding, and the owners can no longer operate from this location.

Trading hours:

Monday–Sunday, 6:00 AM–11:00 PM

Employees:

1 Full-Time, 1 Part-Time

Years established:

20 +

Other Information

Support & training:

The seller will provide a minimum one-month transition and training period to support a smooth handover.

Furniture / Fixtures value:

$200,000 (CAD) - included in the asking price

Inventory / Stock value:

$140,000 (CAD) - included in the asking price