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Quik Smog

  • Status: Sold
  • Price: $385,000

Arka Kargodorian

License No:
DRE #01472435
Email:
arka@lbaweb.com
Office:
925-932-2450
Mobile:
925-818-1679
  • Listing No: 3606
  • Status: Sold
  • Area:
  • Price: $385,000

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

Ownership Type: Sole Proprietorship
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: 01/18/2019
Reason For Sale: Move to another area.

Financial Information

Annual Total:
$399,718
Revenue:
Annual Net Income:
$128,152
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:
$300,000
Owner Will Carry:
$85,000
Other Finance:
5% in 24 months
Terms:

Contact Us

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