Thriving as an established janitorial equipment and supply, as well as office supply wholesaler, this business encompasses a retail store, janitorial equipment repair services, and a supply delivery service.
Nestled in a burgeoning region of Eastern Iowa, it not only provides a lucrative present but also lays a robust foundation for future expansion. Under the ownership of the current proprietor since 2013, this business stands as a testament to its enduring success and potential for further growth.
Type: Main Street Business For Sale
Year business was founded: 1953
Includes Real Estate?: Leased
Leased Property?: Secured in a prime industrial location near highways, this leased 9,100 square feet building offers an exceptional business environment. The monthly lease rate of $7,585 covers Property Taxes, Insurance, and Common Area Maintenance, totaling $2,465. The lease, valid until 8-31-2025, spans five years with an additional five-year renewal option, and the base rent is set to adjust to $5,376. The property boasts ample parking, a semi-accessible dock, and climate-controlled facilities, all situated on a bustling street. Despite being a six-year-old facility, it remains in impeccable condition, a testament to the landlord's commitment to maintenance and upkeep.
Terms of Sale: Up to 10% of purchase price with 10-year amort. and 3-year balloon
Annual Revenue: $1,204,165
Annual Cashflow: N/A
Furniture, Fixtures & Equipment: $60,000 Included in asking price
Inventory: $120,000, Not included in asking price
Please log in again. The login page will open in a new tab. After logging in you can close it and return to this page.