Lease Rate/Sq. Ft.:N/A
Smog Test Only for Sale.
A perfect opportunity for investors looking to buy a 17 year old established business (same owner) that generates a high return, has verifiable books & records, is monitored by the State, requires no more than 15 hrs/month of the owner's time, has no inventory to worry about, is a very simple business that feeds on advertising and customer service, has a software specific to the smog industry that allows the owner to monitor any and all activities related to revenue generation remotely, and is located on a major commercial road. The owner is also the landlord. If the buyer wishes, the property is for sale for $700K.
Gross revenue from October 2015 to September 2016: 263,985.00
Cost of certificates: 36,300.00
Technician (proforma @ $20.00/hr): 46,800.00
Payroll tax & WC insurance: 4,292.00
Liability insurance: 1,738.00
SGS fees: 6,179.00
Credit card fees: 1,433.00
AT&T, U-Verse, Water, Sewer, Electricity: 4,559.00
Service contract on machine: 4,114.00
Shop & office supplies: 2,000.00
Permits, Licenses, County 571L: 443.00
Absentee net income: 127,327.00
Open M-F 9-5, Sat 9-2. Lease 5 years with no increases plus 5 year option at $2,650.00/m with no yearly increases. Two bays, waiting room, office, plenty of parking. Seller is willing to carry a note for a qualified buyer for $50K with 5% interest for 2 years. Seller is moving to the Bay Area.
Disclaimer: This Information has been supplied to Broker by Seller. Broker expressly disclaims any and all liability for representation of warranties, expressed or implied, contained in such information, or for omissions from them. Broker believes such information to be correct, but has not verified or checked it. Any agreement or decision by Buyer to pursue a transaction regarding this Business should be based on further investigation by the Buyer. This information is shared by all Brokers/Agents at Liberty Business Advisors, Inc.
- Real Estate:
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- Lease Expiration:
- Reason for Selling:
- Moving from Bay Area.
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