Laundry Service
Location:
United States
->
Iowa
->
Des Moines
Industry: Business Services > Laundry
Business Summary
LAUNDRY SERVICE: Company operates a high quality low cost commercial laundry, linen supply, entrance mats and dust control service. The source of revenue is as follows: Hospitality Industry 40%, Health Care Industry 50%, Mats and Miscellaneous 10%. The revenue cycle is weekly. Company covers all of Iowa and expanding to cities in the fringe states. Most customers are under contract. Service and price set company apart from the competition. Major competitors are Aramark and G & K Services. Company is substantially under their prices and head and shoulders above their service. The business has a strong reputation stemming from the integrity of the owner and how the customer is treated. The owner is willing to assist the buyer with the transition of operations after sale. The only independent Commercial Laundry Service in Central Iowa (niche). Current owner benefit in excess of $398,000.
Financials
Asking Price Range: $2.5M - $5.0M
Gross Revenues:
$1,055,678
Cash Flow:
$398,219
Cash Flow Type: EBITDA
Inventory: $1,825,105
Seller Financing: Yes
About The Business
Year Established: 1994
Number of Employees: 10 - 19
Relocatable: Yes
Franchise: No
Current Real Estate: Owned
Property: Property For Sale
About The Sale
Management Training and Support: Owner will assist the buyer with training and transition.
Reason For Selling: Other interests.
Click on the "I'm Interested" button above for more information on this Business Services > Laundry business for sale.
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Print Listing Id: 70091870
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