#6029
Santa Clara County

33 years + Dry cleaner business for sale in Palo Alto shopping center

$299,000
Available
33 years + Dry cleaner business for sale in Palo Alto shopping center



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Established Dry cleaner business for sale in Palo Alto shopping center near Palo Alto High School and close to restaurants, Boba guys, Trader Joe supermarket and Stanford University back door. They have been serving the Palo Alto/Stanford community for over 33 years and are convenient for both students and staff. Family owned and operated, They built a reputation for outstanding quality and service. They offer Dry Cleaning and Laundry services. Clean and preserve Wedding Dresses. Alterations, Leather and Rug cleaning, Household cleaning such as cushion covers and drapes. Some of the equipment included a Hydrocarbon machine, pressing stations, washer and dryer and 2 foam finishers. Lease amount is $10,000 which covers garbage and CAM. The store was generating over $500,000 a year in revenue before the pandemic and continues to climb up in sales this year.

This is a The Real Estate Discount Concept listing.
Commercial Realtor Tommy Tran DRE License #01439113

Lease

Region:
Santa Clara County
Lease Term:
See lease
Total Monthly Rent:
$10,000

Financials

Last Year's Annual Gross:
$500,000

Operations

# of Family Employees:
1
# of Working Owners:
2
Year Established:
1987
Hood System Type 1:
Yes

Facilities

# of Parking Spots:
shopping center
Inside Sq. Ft.:
1,400

Highlights

  • Great location
  • got lots growth potential

Financing

Will SBA Finance:
Yes
Will Seller Lend To Buyer:
No

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 17,384 153,237 183,719
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 7,579 55,169 67,533
2010 Persons Per Household 2.20 2.64 2.58
Median House Value $1,000,000 $990,114 $927,681
Income Per Household $122,473 $107,577 $105,742
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 1,313 5,513 6,699
2012 Number Of Employees 36,700 262,466 350,734
2012 Total Annual Payroll $1,775,217,000 $4,294,967,295 $4,294,967,295

click for more demographic info

Disclaimer

The information contained in this offering profile was provided by the Seller and is believed to be accurate. EXP Commercial of California, Inc  its agents, brokers, managers, employees have not verified the information and therefore makes no representations or warrantees as to its accuracy or completeness whatsoever.  You are responsible for performing a thorough due diligence of the business before consummating a transaction. This profile is subject to the Confidentiality Agreement and Disclaimer as agreed to and acknowledge by the Buyer.  Please note: (1) Sq. ft. is estimated (2) Annual Payroll is last year's and does not include any owner wages. 

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