Laundromat - Coin Laundry
Location Ontario,Canada
Asking Price Range < $250K
Gross Revenues $50000
Net Profit / Cash Flow $25000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1978
Number of Employees 1 - 3
Inventory 60000
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Reason for Sale Have relocated to Edmonton, my wife is running it.
Description Property Type Laundromat - Coin Laundry business only. Location 96 Coxwell Ave at Dundas St W. Price $65,500. Size approx. 950 sq ft plus full basement. Building area 2 unit plaza with parking and apartments.
Gross Income $45K - $50K (cash report available).
Expenses $25K - $30K (bills available).
Net Income approx $20K plus.
Loans none.
Comments 96 COXWELL AVE, TORONTO. (COXWELL AT DUNDAS W, OPPOSITE METRO POLICE STATION) Tremendous opportunity for a cash business. Owner has relocated to Edmonton, currently being operated by wife who needs to sell to move. Oh so easy to operate. Requires 2 visits, 3 hours per week to empty washers and dryers and load coin machine. Very clean and bright. 17 singles, 3 triples, 1 double, 9 dryers, video, change & soap machine, etc. Great lease and location. Price includes 10 used Dexter large capacity electronic ignition dryers that the owner was going to install. DO NOT SPEAK WITH CUSTOMERS. Call for details. Owner needs to sell but won't give it away. VERY SERIOUS ENQUIRIES ONLY. Email or call Joe Iafrate at (416) 819-6055 for more information on this Laundromat - Coin Laundry business for sale.
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