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Businesses For Sale > Business For Sale in Des Moines, Iowa (IA)
Laundry Service - #5282 for sale in Des Moines, IA
Des Moines, Iowa (IA)
| Asking Price: |
Gross: |
Cash Flow: |
| $ 2,500,000 |
$ 1,055,678 |
$ 398,219 |
Furniture and Fixtures Value:
$ 1,171,181 (included in the asking price)
Inventory Value:
$ 653,924 (included in the asking price)
Real Estate:
$ 500,000 (included in the asking price)
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.
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| Year
Business was Established: 1994 |
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| Number of Employees:
19 |
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| Owner
willing to finance:
Possible for right situation |
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| Owner
willing to train:
Owner will assist the buyer with training and transition. |
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| Reason for selling:
Other interests |
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Seller Reference Number: 5282
BusinessMart.com Listing Number: 63972 |
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To request more information
on this business
please fill out the form shown right 
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For
more info contact:
Brian Henderson
The Henderson Business Group, Inc
515-727-4300
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