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Growing Laundry Service Business For Sale

Iowa, US
Asking Price:
$375,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$536,794
Cash Flow:
$162,409

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.

Property Information

Real Estate:

Lease

Lease Terms:

Plus utilities

Leasehold Rent:

$22,200 per annum

Location:

Iowa

Premises Details:

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

Business Operation

Expansion Potential:

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.

Competition / Market:

This unique business model allows for customized service depending on the needs of the customers.

Reasons for selling:

Spend more time with family.

Employees:
19
Years established:
Est. 2020

Other Information

Support & training:

Negotiable.

Furniture / Fixtures value:
$82,826 - included in the asking price
Inventory / Stock value:
$1,200 - included in the asking price
Related Documents:
Relocatable:
This business can be relocated.