Seller Financing Available
Smog Test Only for Sale.
This is an 8 year old smog test only shop (no repairs) located on a major commercial street with one bay and a waiting room. The present owner has had it since November 2013, and lives 135 miles or 2.5 hours from the shop. This is truly a business that can be managed remotely and perfectly suited for a semi absentee investor looking for a high return on investment. The buyer does not require any knowledge about cars or smogging, he can monitor the performance of the employees through the State's website, and the revenues from available software. It requires very little time to manage the business, it has verifiable books & records through third party and actual invoices, and it has no inventory to worry about. Notice the cheap rent.
Gross revenue from 3/2015 to 2/2016: 273,171.00
Cost of certificates: 40,838.00
Payroll tax & WC insurance: 6,805.00
Liability insurance: 840.00
SGS fees: 6,690.00
Credit card fees: 4,230.00
Service contract on machine: 4,116.00
Advertising (5 venues): 25,453.00
Office & shop supplies: 2,100.00
Phone, Internet, TV: 1,380.00
VOI phone: 120.00
Electric, Water, garbage: 1,200.00
BAR & City permits/license: 376.00
County 571L: 250.00
Net income to investor: 108,533.00
Open 7 days a week 8:00 am to 6:00 pm. With asking price of $320,000,seller will carry $50K for 18/m @ 4% interest . With all cash -purchase price is $280,000. If you have the funds available and wish to discuss further, please call me. I specialize in selling smog test only shops and have sold over 116 of them in the past 8 years.
- Real Estate:
- Building Sq. Ft.:
- Lease Expiration:
- Purchase price $280K cash or $320K with seller's note of $50K for 18/m @ 4% interest.
- Support & Training:
- Reason for Selling:
- Need money for other projects.
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