Smog Test Only

Smog Test Only

Sold

$375,000.00

Listing Number :

 3721

Status :

Expired

Price :

$375000

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Description

Owned by an investor. Don’t need to know anything about cars. No special licenses required. Books & records can be validated through raw data and third party statements. Few moving parts. High return on investment. Semi-passive. I have sold 151 smogs shops to investors. Gross sales 384,509.00 Certificates 44,963.00 Gross profit 339,546.00 Rent 34,932.00 Tech. #1 62,700.00 Tech. #2 55,250.00 Payroll Tax 10,032.00 WC insurance 1,080.00 Liability insurance 1,380.00 SGS fees 6,605.00 Merchant fees 6,166.00 DAD #2 rental 1,188.00 ESP Gen. 3 rental 5,521.00 Val Pak 8,400.00 Google Ad Words 5,400.00 Phone, Internet 2,760.00 Office supplies 850.00 Shop supplies 650.00 BAR permit 300.00 Business license 125.00 County 571L 130.00 Gross profit 203,469.00 Net profit 136,077.00 Remaining lease 2 years. Buyer can get new 5 years plus 5 year option Owner since May 2011 Business as smog test only since 2006 Open M-Th 8:30-5:30, F & Sat 8:30 -5 Tech. #1 @ 25/hr for 5 days/wk Tech. #2 @ 25/hr for 5 days/wk Electricity included in rent 81.4% of sales generated via credit cards Asking $375K Seller willing to carry 20% of purchase price.

3721

Business Information Financial Information
Ownership Type:  Corporation
Year Established:
Year Purchased:
Business Type: Smog Test Only
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: 3721
Date Available: 6/14/2019
Reason For Sale:
Annual Total Revenue: 384509
Annual Net Income: 136000
Inventory:
Monthly Payroll:
Lease Information
Base Rent: 2911/m
Lease Expires: 2021
Lease Option: 2 x 5 years option
NNN:
 
Financing Information
Down Payment: 300000
Owner Will Carry: 75000
Other Finance Terms:

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