932 Kingston Road, Toronto (East End-Danforth) - Business for Sale
932 Kingston Road, Toronto (East End-Danforth), Ontario, M4E1S5
This business in Toronto is for sale. It has been on the market 29 days, fresher than the Toronto average of 55 days.
Description
SARAH'S DRY CLEANERSEstablished Dry-Cleaning Depot Business for Sale | Kingston Road, TorontoTHE OPPORTUNITYAn excellent opportunity to acquire Sarah's Dry Cleaners, an established and turnkey dry-cleaning depot serving the Kingston Road community since 2006.The business has an established customer base, strong annual income, and a streamlined operating model with relatively low overhead. The entire business is being offered for sale, including the business name, equipment, fixtures and chattels.KEY HIGHLIGHTSEstablished Since: 2006Location: Kingston Road, TorontoMonthly Lease: $2,100Current Lease Expiry: August 2027Renewal: 3-year lease extension availableBusiness: Fully operational and turnkeyBUSINESS MODELSarah's Dry Cleaners operates as a dry-cleaning depot. Garments are collected at the location and transported to a professional off-site cleaning facility for processing, then returned to the store for customer pickup.This streamlined depot model helps maintain lower operating and overhead costs, without the significant expense of operating a full dry-cleaning plant on-site.SERVICES & EQUIPMENTThe sale includes:* Dry-cleaning depot operation* Seamstress equipment* Shoe repair equipment* Existing business equipment, fixtures and chattels* Business name and established operation* Existing customer base and goodwillLEASEThe current lease is $2,100 per month and runs through August 2027, with a three-year lease extension available.FINANCIAL INFORMATIONThe business generates strong annual income and benefits from a relatively low-overhead operating structure.Detailed financial information and additional business details will be made available to serious and qualified inquiries only.TURNKEY OPPORTUNITYA well-established business with 20 years of operating history, an existing customer base, multiple service offerings and a proven depot model.Ideal for an owner-operator or investor seeking an established service busines (id:66096)
Property Details
- MLS®
- E13869416
- Property Type
- Business
- Business Type
- Service
- Zoning
- Commercial Residential
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Property Tax
- $11,763.61/yr
- Listed
- 29 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Extended: 29 days on market, against an average age of 55 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell below asking price
Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This business in Toronto (East End-Danforth) has been listed for 29 days, which is 26 days fresher than the city average of 55. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (M4E)
This home lists at $159,999, about 1.4× the local median household income of $112,000.
Carrying it typically needs a household income of about $31,253 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $112,000
- Population
- 25,473
- Median age
- 42.8
- Owner / renter
- 64% / 36%
- Avg. household size
- 2.3
Source: Statistics Canada, 2021 Census (FSA M4E)
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$159,999
Toronto