Property Description

This established dry cleaning depot and alterations business has been operating successfully since 2005. The current owner has run the business for over 15 years and is now selling to transition into retirement. Over the years, the business has secured a highly loyal and steady customer base with the advantage of no direct competition in the immediate area. The shop is strategically situated in a busy shopping centre surrounded by high-traffic retail tenants. This prime location offers excellent visibility and generates consistent foot traffic daily. The business features simple operations that can be easily managed by a single operator. There is great potential to increase sales by expanding the alterations services, as many current customers are actively requesting it. The total monthly rent is $3,142.85, which includes a base rent of $32.50 per square foot and operating costs. Utilities are billed separately. The lease has been securely renewed for a 10-year term expiring in January 2036, and it includes an additional 5-year renewal option. This is a turnkey opportunity to acquire a stable business with low competition and simple daily management. (id:7434)