Smog Test Only for Sale.
Sacramento County, CA
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 in the South Bay. He visits the shop no more than four times per year. 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 (37%). 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. The information below is exact, complete, accurate, and verifiable through work orders, statements from vendors, and actual invoices. Gross revenue from December 2015 to November 2016: 275,932.00 Cost of certificates: 44,963.00 Rent: 12,360.00 Wages: 58,240.00 Payroll tax & WC insurance: 6,805.00 Liability insurance: 840.00 SGS fees: 8,549.00 (includes new rates that have been applied) Credit card fees: 3,987.00 ESP Generation 3 Lease: 5,100.00 Advertising (5 venues): 28,813.00 Office & shop supplies: 1,900.00 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: 101,849.00 Open 7 days a week 8:00 am to 6:00 pm. If you have the funds available, are satisfied with a 37% return on investment, and wish to discuss further, please call me. The seller MAY carry $25K for six months with 4% interest. I specialize in selling smog test only shops and have sold 118 of them in the past 8 years, all to investors.
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.
Smog & Repair Shop for Sale.
Sacramento County, CA
This is a 9 year old established business (2.5 years at this location) located in a 5,007 square foot premise having more than 20 foot ceilings situated on a commercial road about 8 miles North of Sacramento. It is impeccably clean (no exaggeration) including plenty of parking, an extremely clean and pleasant waiting room (to the point of being too fancy), a very large office, a work area that you can only have in your dreams with the latest equipment (all owned free and clear), and an additional section large enough to become a living room, dining room and play area. I specialize in selling repair and smog shops and I have NEVER seen such a set up.
I cannot overemphasize how clean and comfortable the waiting room is including the drinks, edibles, TV, security cameras, toys for kids, etc.
Rent is $2,800.00/month with a lease that ends in October 2023 and has an additional 5 year option period.
In 2015, based directly from the tax returns, the gross revenue was $243,306.00 of which $187,040.00 was from smogging cars, cost of goods $19,439.00, advertising $5,520.00, insurance $4,704.00, office expenses $1,570.00, repairs & maintenance $1,468.00, supplies $2,257.00, taxes & licenses $2,778.00, utilities $5,095.00, other expenses $5,068.00, smog certificates $27,597.00, bank charges $5,744.00, tools $4,069.00, etc 1/2 1/2 leaving the owner a net profit of about $120,0000.00 per year.
In 2016 covering the period from January to May inclusive, the gross revenue was $100,307.00, cost of goods $8,290.00, expenses $38,360.00, and a net profit of $53,657.00.