Description

This is a smog testing facility owned by the present owner at the present location for the past 16 years. It has one bay and a very nice, clean waiting room. It’s open 5 days/wk for about 34 hrs./wk. The present knowledgeable employee who has an excellent retail demeanor makes about $31.70/hr. and is qualified to do smog repairs. Seller is willing to carry a note of 20% of the sale price for 2 years with 8% interest. There are 6.5 years remaining on the lease with a 5-year option available. Required down payment: about $240K. Buyer can also buy the business as a test and smog repair for the same price, but the rent will increase by $500/m. Potentials: open Saturdays, offer DMV services, and advertise.

Gross sales 246,424, Cost of certificates 14,438
Gross profit 231,986

Expenses

Rent 30,000, Technician 56,020, Payroll tax 6,162, WC insurance 841, Liability insurance 1,021, OnCore fees 1,308, Equipment rental 5,877, Merchant fees 2,000*, PG&E 5,431, Phone/Internet 2,787, Shop supplies 100, Office supplies 200, Advertising 150, Gas caps 100, Motor book 160, City utilities (water) 696, County 571L 89, BAR permits 300, Other licenses 275, Tools 35
Total expenses 111,552
Net profit 120,434

Business Information