Services - Drycleaning/Laundry

$Seller Financing Available

Asking Price	$2,500,000	Inventory	$653,924*
Gross Income	$1,055,678	Real Estate	$500,000*
Cash Flow	$398,219	Year Established	1994
FF&E	$1,171,181*	Employees	19

* included in the asking price

** not included in the asking price

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.

Seller Financing Available: Yes

Financing: Possible for right situation

Support/Training: Owner will assist the buyer with training and transition.

Reason Selling: Other interests