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Business for Sale Overview:

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 65%, Health Care Industry 25%, Mats and Miscellaneous 10%. The revenue cycle is weekly. Territory 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. Company is substantially under competition prices and head and shoulders above their service. Business is currently positioned to take advantage of expansion into hospitals, hotels and businesses that require uniforms. Company has demonstrated substantial savings to these institutions and is well positioned to handle the current trend to outsourcing. With a recent move to new facilities it is now able to seriously go after this market and expects revenues of $1,250,000 in 2008. Current owner benefit on excess of $398,000.

Property Features and Assets:

Real Estate: $500,000 Included in asking price. Furniture, Fixtures and Equipment: $1,171,181 Included in asking price. Inventory: $653,924 Included in asking price.

Additional Details:

• The property is owned.
• The owner is willing to train/assist the new owner.
• The owner is not willing to work for the new owner.
• This is not a homebased business opportunity.
• This is not a franchise resale opportunity.
• This is not a distressed business or bankruptcy situation.