Price: $100,000

190 Simcoe Avenue, Georgina, ON L4P 2H7

Incredible opportunity to own a fully operational laundromat located in the heart of Keswick. Surrounded by a dense mix of residential homes, apartment buildings, and commercial businesses, this location benefits from steady foot traffic and a loyal clientele. This well-established business has been a staple in the community for over 30 years. Its profitability is driven by high-demand services including dry cleaning, wash-and-fold, and alterations. This is not a hands-off investment and requires an operator to manage day-to-day operations. The space was updated in 2023 with new tile flooring and fresh paint throughout, and it comes fully equipped with 9 operating washers and 10 operating dryers, all of which are owned outright with no rental equipment. There are three years remaining on the current lease, with the option for a new lease to be negotiated with the landlord. This is a fantastic opportunity for an owner-operator or entrepreneur looking to take over a reputable and profitable business with deep roots in the community.


Property Overview

Property type

Commercial - Sale Of Business

Building Area

N/A Square Feet

List Price

$100,000

Gross Income

N/A

Annual Taxes

$9,096

Tax year

2024

Business Type

Dry Cleaning/Laundry

Years in Business

N/A

Location

Georgina, ON

Status

Pending

Franchise

No

Last Updated

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Financial Information

Gross Revenue

Annual revenue

Seller's Discretionary Earnings

Normalized earnings

EBITDA

Operating profit

Financial Verification

All financial information is subject to verification during due diligence. Contact the seller for detailed financial statements and documentation.

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