1251 Yonge St, Toronto, Ontario M4T 1W6

  • $159,000
1251 Yonge St, Toronto, Ontario M4T 1W6

Overview

Property ID: C8064270
  • Commercial Sale, Business
  • Property Type
  • 610
  • Sqft

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.

  • Address 1251 Yonge St
  • City Toronto
  • State/county Ontario
  • Zip/Postal Code M4T 1W6
  • Area Rosedale-Moore Park

Details

Updated on March 27, 2024 at 4:51 pm
  • Property ID: C8064270
  • Price: $159,000
  • Property Size: 610 Sqft
  • Garage Size: x x
  • Property Type: Commercial Sale, Business
  • Property Status: Active
  • MLS#: C8064270

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