- Advert ID: 500017
- (Seller ref: 5226)
Service Business For Sale
Price Reduced
- Location:
-
- United States
- > Mid West
- > Iowa
- > Des Moines
- > Des Moines
- Category:
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Summary
- Asking price:
- $2,500,000
- Sales revenue:
- $1,055,678
- Net profit:
- $376,663
- Years established:
- 1994
- Employees:
- 19FT
Business description
Service Business: Commercial laundry, linen supply, entrance mats and dust control service, offering high quality and low prices. The revenue cycle is weekly. The entrance mat revenue in the winter months offset some slowness in the restaurant revenue during that same period. The months of March through June are big revenue months. Business covers all of Iowa and expanding to cities in the fringe states. Most customers are under contract. The business has a strong reputation. Business is currently positioned to take advantage of expansion into hospitals, hotels and businesses that require uniforms. Business now has commitments that will increase revenues. The owner is willing to assist the buyer with the transition of operations after sale. Current owner nets over $376,000 with projected net to be over $500,000 next year. Business in located in Iowa.
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
- Inventory / Stock value:
- $653,924
Contact the seller
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- United States
- > Mid West
- > Iowa
- > Des Moines
- > Des Moines
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