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.
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 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.