Business for Sale Overview:
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.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
Furniture, Fixtures & Equipment: $1,171,181, Inventory: $653,924 & Real Estate: $500,000 are included in the Asking Price.
Financing: Possible for right situation.
Support/Training: Owner will assist the buyer with training and transition.
Reason for Selling:
Other interests.
Additional Details:
- The property is owned.
- The owner is willing to train/assist 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.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.