Laundry Service For Sale

Business description

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 information

Real Estate:

Real Property Included

Lease terms:

Real Estate: $500,000 Included

Other information

Support & training:

Owner will assist the buyer with training and transition.

Reasons for selling:

Other interests

Financing available:

Possible for right situation

Furniture / Fixtures value:

$1,171,181 (included in the asking price)

Inventory / Stock value:

$653,924 (included in the asking price)