Quik Smog

Quik Smog

Pending

$385,000.00

Listing Number :

 3606

Status :

Available

Price :

$385000

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Description

Ideal business for a semi-passive investor. Verifiable financials through actual invoices and third party statements. Need to know nothing about cars or smogging. Can manage remotely via State’s website and available software. Governed by the State. Advertising & customer service are the key ingredients. High return on investment. Requires very little time from investor. Gross revenue 399,718.00 Certificates purchased 68,888.00 Gross profit 330,830.00 Expenses Rent 54,922.00 Technicians FT & PT 79,300.00 Payroll tax 6,732.00 WC Insurance 634.00 Liability insurance 822.00 Merchant fees 7,432.00 SGS fees 9,786.00 ESP & DAD Rental 6,802.00 Advertising (6 venues) 29,425.00 Comcast & PG&E 3,991.00 Office & Shop supplies 1,000.00 Printing 1,323.00 BAR permits 300.00 City business license 34.00 County 571L 175.00 Total Expenses 202,678.00 Net Income to Investor 128,152.00 Open M-F 8:30-6, Sat 9-5:30, S 10-3 Technicians proforma @ $25.00/hr Business established as test only since 2005 Present owner since August 2017 Huge bay with lifts and waiting room Lease ends 8/31/2021 plus 5 year option.

3606

Business Information Financial Information
Ownership Type:  Sole Partnership
Year Established:
Year Purchased:
Business Type: Smog Test Only
License(s) Required: business
Hours of Operation: 8.30am-3pm
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp:  No
Office Listing Number: 3606
Date Available: 1/18/2019
Reason For Sale: Move to another area.
Annual Total Revenue: 399718
Annual Net Income: 128152
Inventory:
Monthly Payroll: 79000 a year
Lease Information
Base Rent: 4576/m
Lease Expires:
Lease Option: 1 x 5 years Option
NNN:
 
Financing Information
Down Payment: 300000
Owner Will Carry: 85000
Other Finance Terms: 5% in 24 months

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