Great opportunity to own this beautiful smoke shop, in the…
Perfect business for an investor who doesn’t need to know anything about cars, nor does he need to have special licenses. The books & records are very easy to validate through Mitchell, raw invoices, and third party statements. It will require no more than 15 hours per month from the investor’s time.
This is a 1,610 sq. ft. smog and oil change facility with 3 drive-through bays plus a waiting room located on a main road in Sacramento. Remaining lease is 5 years plus a 5 year option with total monthly occupancy rent of $3,107. Two full-time smog technicians are running the operation.
Sales from 6/1/2018 to 5/31/2019 were $301,441 despite the fact that he was not Star rated for 2.5 months. Expenses for the same period were $206,971 including cost of certificates, SGS fees, merchant cost, equipment rental, liability insurance, permits, supplies, advertising, utilities, etc. Net profit to a semi-absentee investor: $74,000.00. About 66% of the sales are generated via credit cards.
The shop is open Monday – Friday, 9:00am – 5:30pm, Saturday, 9:00am – 4:00pm. The business was established about 10 years ago. The inventory is not included in the asking price. The seller is willing to carry a note of 20% of the purchase price with 5% interest for 18 months to a qualified buyer with a strong offer. The seller needs to tend to his pizza store which requires a lot of his time.
Asking $195,000. If you have the funds, please call me so we can discuss. Do not simply send me an email.
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