Smog Test Only

Smog Test Only

withdraw

$925,000.00

Listing Number :

 4016

Status :

Withdrawn

Price :

$925000

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Description

2 bays, office, and waiting room. Technician runs the operation. Buyer doesn’t need to know anything about cars or smogging. Verifiable financials through actual invoices, work orders, & third party statements. Rent: 2,500/month Net profit to investor: 370,000. Buyer gets new 5 year lease + 5 yr option.

Gross sales from smogs 428,184.00
Cost of certificates 37,950.00
Gross profit 390,234.00

Expenses; Rent 30,000.00 /Technician 74,100.00/Payroll tax 6,397.00/WC insurance 815.00/Liability insurance 1,300.00/On Core Fees 3,764.00/ Merchant fees 7,222.00/Comcast 1,549.00/
Electric & Garbage 1,597.00/Alarm 480.00/Office supplies 600.00/Shop supplies 200.00/Miscellaneous 500.00/Total expenses 128,524.00/Net profit to investor (smogs) 261,710.00/
Net profit to investor (DMV) 107,860.00/Total net profit 369,570.00.

Seller since December 2018
Established as a smog test only for over 18 years
Open M-F 8:00-6:00, Sat 8:00-3:00
Technician for 57 hrs/wk @ $25.00/hr
DAD, Worldwide analyzer, dyno, EVAP owned
Buyer will get new 5 year lease plus 5 year option
Two bays, waiting room, & office
Seller willing to carry 30% of the purchase price
Located on a major, commercial road.

#4016

Business Information Financial Information
Ownership Type:  Sole Partnership
Year Established:
Year Purchased:
Business Type: Smog Test
License(s) Required: business
Hours of Operation:
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp:  No
Office Listing Number: 4016
Date Available: 1/11/2021
Reason For Sale: Moving from this town.
Annual Total Revenue: 428184
Annual Net Income: 390000
Inventory:
Monthly Payroll:
Lease Information
Base Rent: 2500/m
Lease Expires: 2025
Lease Option: 1 x 5 years option
NNN:
 
Financing Information
Down Payment: 650000
Owner Will Carry: 275000
Other Finance Terms:

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