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Unattended Coin Operated Laundromat Business

Located at a busy commercial plaza, in the Downsview area in Toronto, this laundromat has been in business for approximately 20 years. It has 24 commercial washing machines and 26 dryers. It offers an opportunity for a predictable cash flow with minimal involvement by an owner. Access to the laundromat, as well as machine operations are fully automated, and the only involvement of a potential owner is occasional daily cleaning of the facility and repair/maintenance work as required. Possibility to significantly increase business by adding wash and fold services, vending machines, and detergent dispensers. The business is a feature in its community and has been turning stable cash flow for its owner for the past 20 years.

Listing ID
TOR02ON001-N217
Industry
Drycleaning and Laundry Services
Location
Greater Toronto, Ontario, Canada
Financial Information Building & Property General Information
Asking Price: $120,000
Revenue: $120,000
Cash Flow: $35,000
Downpayment:
Monthly Payroll:
FF&E: ON REQUEST (Included in Asking Price)
Inventory: ON REQUEST (Included in Asking Price)
Building:
Monthly Rent:
Real Estate Available: No
Real Estate Asking:
   
   
   
Franchise: No
Home Based: No
Relocatable: Yes
Year Established: 1991
Year Acquired:
Employees: FT: N/A PT: N/A
Reason For Sale: Retirement
For more information contact Alex Shteriev
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