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3K sqft Laundromat in Eastern Nassau all financials 100% verifiable

Nassau County, NY
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Asking Price:$1,200,000
Rent:$7,500/Month
Established Year:2021
Gross Revenue:$495,000
EBITDA:$195,000
Listing ID: 2262681Listing provided by BizBuySell
BUSINESS DESCRIPTION

Overview:
Age: Less than 5 years old
Revenue: $490K annually
EBIT: $195K annually

Lease Details:
Lease Term: Over 20 years remaining
Escalations: Scheduled every 5 years

Financial Verification:
All financials can be 100% verified through store systems and bank statements and tax returns.

Management & Operations:
The store is equipped with a Laundry POS and Card system.
Fully outfitted with security cameras and an automated door locking system.
Remote monitoring and management are possible, allowing oversight even when off-site.

Current Owner Involvement:
The owner spends most mornings in the store, managing day-to-day operations and working their day job remotely from the office.
Currently ran semi-absentee.

Highlights:
Turnkey operation with established revenue and profit.
Modern technology and security systems in place.
Long-term lease with favorable terms.

DETAILED INFORMATION
Location
Nassau County, NY
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
3,000
Lease Expiration
31/01/2046
Employees
5
Competition
minimal local competition. local store are in very poor shape
Growth & Expansion
We currently do pickup and delivery but have not done any legitimate marketing efforts as its not my expertise and have spent the previous few years growing the core business.
Support & Training
I live local so would be willing to stay on up to a year in an hourly administrative capacity.
Reason for Selling
Want to allocate capital to a higher yielding opportunity
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Brian Smolin
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Brian Smolin
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