Smog Test Only

Smog Test Only

Available

$195,000.00

Listing Number :

 3730

Status :

Expired

Price :

$195000

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Area

1610

Description

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.

3730

Business Information Financial Information
Ownership Type:  Sole Partnership
Year Established:
Year Purchased:
Business Type: Smog Test Shop
License(s) Required: business
Hours of Operation: 9am-5.30pm/6xdays a week
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp:  No
Office Listing Number: 3730
Date Available: 6/20/2019
Reason For Sale: Too busy with other business.
Annual Total Revenue: 301441
Annual Net Income: 74000
Inventory:
Monthly Payroll:
Lease Information
Base Rent: 2527/m
Lease Expires: 2024
Lease Option: 1 x 5 years Option
NNN:
 
Financing Information
Down Payment: 195000
Owner Will Carry:
Other Finance Terms:

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