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.
| 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 |
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.
