Commercial Laundry Service For Sale - Des Moines, Iowa, IA - Polk County

PROFILE: High Quality Low Cost Commercial Laundry, Linen Supply, Entrance Mats.

AD/LISTING INFORMATION
Status: Available
State: Iowa
Location: Des Moines
County: Polk
City: Des Moines
Primary Category: Service Related
Alternate Category:   None Given
CONTACT INFORMATION  
USABizMart Ad #:  132351
Seller Or Contact:  Roy Huffman
Primary Phone:  417-823-0990
Alternate Phone:  None Given
Email Address:  See Form Below
Date Ad Started:  9/30/08
Date Ad Last Revised:   9/30/08

FINANCIAL INFORMATION
Asking Price: $2,500,000
Down Payment: Call/Email
Annual Revenue: $1,055,678
Annual Adjusted Net: $398,219
   
DETAILED INFORMATION
Franchise: No
Relocatable: No
Home Based: No
Lifestyle: No
Real Estate Included: Yes
Bkr To Bkr Cooperation: Call

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 In Excess Of $398,000.

Real Estate: $500,000 Included
Ff&e: $1,171,181 Included
Inventory: $653,924 Included
Year Established: 1994
Number Of Employees: 19ft
Reason For Selling: Other Interests

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