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    For Sale - 976 - 978 Albion Road, Toronto, Ontario

    Est payment $2,521/mo
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    Views   2
    Time on Jump  29 day

    AI Summary *

    • Well-established laundromat business running successfully for over 30 years.
    • Open 24 hours and completely unattended for convenience.
    • Strong annual sales with impressive EBITDA showing profitability.
    • Low lease cost with options to extend lease significantly.
    • Sub-leased space providing additional income to support operations.




    Yes, this is the laundromat you or your client were waiting for. This business is well established for over 30 years. This is completely unattended, open 24 hours. 6 washers electrolux w5250 62 1b 6 years, 8 electrolux w5180n 451b 6 years, 2 maytag softmount 40 lb 7 years, 4 washcomat w630 30 lb, 1 washcomat 125 301b, 9 washcomat double load 251b. 30 dryer pockets 7 electolux stacked 50 lb 6 years, 8 adc stacked 30 lb all dryers are gas operated. Owned water heater installed 4 years ago. Strong sales of 234,000 for the year, low lease cost $7108/month inclusive for 2150 square feet, tenure of the lease 3 years and 3 options to extend for 5 years each. Some part of the premises is sub-leased for $ 2000 per month income to a stable business tenant. Impressive ebitda of $ 118,104 for the year. Owner is selling as he is retiring. Adequate training and education shall be provided for buyer's guaranteed success in this venture. Large space in the basement for storage and currently not used.
    Listing IDW13776200
    Address976 - 978 Albion Road
    CityToronto, Ontario
    Price$525,000
    Bath1 Full
    StyleSale Of Business
    TypeBusiness
    StatusFor Sale

    Subtype Sale Of BusinessBasement 1Heating / Cooling Gas Forced Air ClosedSewer Sanitary+Storm Available

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    Listing Brokerage: HOMELIFE/MIRACLE REALTY LTD

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    976 - 978 Albion Road
    Toronto , Ontario
    1 $525,000
    Get more info