Laundry Service
Location Iowa,United States
Asking Price Range $2.5M - $5.0M
Gross Revenues $1055678
Net Profit / Cash Flow $398219
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1994
Number of Employees 10 - 19
Inventory 1825105
Relocatable Yes
Number of Employees 10 - 19
Real Estate Owned
Training Owner will assist the buyer with training and transition.
Reason for Sale Other interests.
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 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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