Benchmark Business Group

Growing Laundry Service Business

Benchmark Business Group specializes in the confidential sale and purchase of successful businesses throughout the United States. Our experienced team, proven systems, strong buyer and lender relationships, and expertise in presenting financially sound deals to qualified buyers result in satisfied buyers and sellers.  Below is the list of businesses we currently have for sale.

Listing ID: 2967
Industry: Services: Dry Cleaning

Quick Facts:

Listing Price:

$375,000

EBITDA:

N/A

Real Estate:

N/D

Gross Revenue:

$536,794

FF&E:

$82,826

Established:

2020

Cash Flow:

$162,409

Inventory:

$1,200

Employess (FTE):

19.00

Description:

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.

Detailed Information:

Broker:

Scott Stricker

Location:

Midwest

Furniture, Fixtures & Equipment (FF&E):

Delivery vehicles, washers, dryers,wire laundry carts, industrial shelving, folding tables, and a scale.

Facilities:

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

NAICS:

812320

Inventory included?:

Yes

Reason for selling:

Spend more time with family.

Market opportunities:

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.

Competitive advantage:

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

Able to relocate?:

N/D

Real estate included?:

No

Real estate owned by seller?:

No

Real Estate leased from a third party?:

Yes

Real estate available for buyer to purchase?:

No

Seller financing available?:

No

Training provided by seller?:

Yes

Franchise ?:

No

Sign Up to Receive New Listing Alerts:

Social Media for Buying a Business

Follow our Twitter and LinkedIn feeds which are focused on:

  • buying a business in Iowa

  • buying a business in the Midwest

  • buying a business in the United States

We provide links to helpful articles and spotlight businesses for sale in Iowa, the Midwest and other locations in the United States.

Iowa Business Brokers Twitter     Buy a Business Iowa LinkedIN   

© 2024 Benchmark Business Group. All rights reserved.