Great Business opportunity….This is a fantastic opportunity to own a…
This is a smog test only (no repairs) that has been established for over 14 years with the present seller (who moved to Texas) operating it since August 2016. It has several bays on a large lot located on a very busy commercial street in Sonoma County.
Gross revenue: $540,256.00
Cost of goods: $111,067.00
Total expenses: $265,013.00
Net profit to an absentee investor: $164,176.00
Open 6 days/wk. Runs by two technicians and a PT service writer. Remaining lease: 5 years and 9 months. Seller willing to carry 20% of the sale price.
This is a business running absentee. The owner is an investor. The financials can be easily verified via original work orders signed by customers, statements from vendors and a third party that monitors the activities of the shop. The P&L is complete, accurate, and can easily be validated.
The business is priced below market at 2.5 times the absentee net profit or less than 2 times the adjusted income. The seller would not be willing to wait 3 months for the buyer to secure an SBA loan. If you have $330K that you’re willing to invest in order to make $165K profit, please call me. #3834
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