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Assist 2 Sell Buyers & Sellers Real Estate
(518) 371-9827

Address not disclosed, MORGAN HILL, CA 95037

  • $445,000

Listing Presented By

Darryl Johnson
Exit Realty Keystone
(408) 778-9990


For 16 years this dry cleaning business has been rated Morgan Hill & Hollisters best! Voted by the customers and people of the city and shown in the local papers. The dry cleaning business has one cleaning plant in Morgan Hill and then a business owned storefront in Hollister. A second retail location is also serviced by this dry cleaning operation by agreement with a 3rd party in San Jose. The business has generated consistently high earnings over the last 16 years and is currently generating an EBIT net earnings of over $155K per year. In order to generate a quick sale the owner is pricing this business so that a buyer can recognize a 30% capitalization rate year over year!! At a 25% cap rate the price would be listed at $587K. Financials are available to support these statements. Owner will remain to consult and work at the business for 30 days after the sale.This is truly a solid money making enterprise and priced for a fast sale!

  • $445,000
  • Commercial
  • Square Footage: 2,496
  • Last Updated: October 4, 2016
  • Posted: August 29, 2016

Address not disclosed, MORGAN HILL, CA 95037

Address not disclosed, MORGAN HILL, CA 95037 is an , Commercial in Morgan Hill, California for $445,000 with and offered by Darryl Johnson of Exit Realty Keystone. To learn more about Address not disclosed, MORGAN HILL, CA 95037 contact Darryl Johnson for more information or to request a showing.

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