$798,000

#2-9 Progress Ave

Dorset Park, Toronto, Ontario, M1P 5A4

| | | sq.ft. | Year Built: 6-15 |
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This is an immaculate large coin laundry run by a couple for the past 10 years. It is one of the BEST laundromats in this part of Toronto! The store comes with the following commercial machines: 5 single 10 lb units, 10 double load 20 lb units, 6 triple load 30 lb units, four maxi load 40 lb units (popular), two 60 lb units (popular), 22 30 lb dryer units, laundry soap dispenser (point of sale), coin/change machine, 7 large laundry carts. The store can be run remotely via cell phone. Hours of operation are chosen by current owners but may be changed for longer store hours. Gross revenues are between $22k - $23K per month. This is only with existing machines and point of purchase machine. HUGE POTENTIAL to increase profits with additional revenue streams such as; (i) wash & fold by the pound business, (ii) contract for hotel/motel/hospital towels & linen business, or even (iii) third party contract for dry cleaning business. Current owners have diligently drawn an increasing customer base by pure attention to detail. Therefore, the GOODWILL of this coin laundry is apparent by the very healthy existing client-base. As an added bonus, the owners have secured a new lease agreement effective October 31st, 2024 for 10 years plus 5 year option.

Property Info
MLS®: E8313414
Listing Courtesy of ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Total Bedrooms 0
Total Bathrooms 0
Basement N
Floor Space 0 sq.ft.
Lot Size 1620 sq.ft.
Style other
Last Updated 2024-05-08
Property Type Sale Of Business
Listed Price $798,000
Unit Pricing $798,000/sq.ft.
Strata Fee $0.00
Tax Estimate $0/Year
Year Built 6-15
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