Growing Laundry Service Business

Not Disclosed, IA Not Disclosed

Asking Price: $375,000

Annual Revenue: $536,794

Services: Dry Cleaning & Laundry

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RE: Growing Laundry Service Business
Contact: Scott Stricker

Quick Facts

	Asking Price:	$375,000
	Annual Revenue:	$536,794
	Net Profit:	Not Disclosed
	Cash Flow:	$162,409
	Total Debt:	Not Disclosed
	FF&E:	$82,826
	Real Estate:	Not Disclosed
	Year Established:	2020
	Employees:	19
	BBN Listing #:	457535915
	Broker Reference #:	2967

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Business Overview:

This Growing Laundry Service Business in Iowa focuses on wash and fold services for both residential and commercial clients. The business is centered around free pick-up and delivery with a 24-hour turn around. They offer a fully customized experience with the ability for customers to specify when their laundry is picked up and delivered, how their items are laundered, and if they are folded or hung. The business has grown very quickly servicing 130 weekly or bi-weekly clients in 2023 with a total customer list of 2,129.

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Property Features and Assets:

The business occupies a 3,000 square foot facility with plenty of space for growth.

Market Competition and Expansion:

This business is well positioned for growth. Opportunities include expanding its pick-up and delivery locally and by running more shifts to accommodate existing demand. The business could also grow by setting up additional locations throughout Iowa. The business is poised to strategically market its laundry services to more commercial clients such as gyms, acupuncturists, massage therapists, golf clubs, caterers, and medical offices.

Reason for Selling:

More Time With Family.

Additional Details:

The property is Leased.
The owner is willing to train/assist the new owner.
This is not homebased business opportunity.
This is not a franchise resale opportunity

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