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Smog Test Only

  • Status: Available
  • Price: $340,000

Arka Kargodorian

License No:
DRE #01472435
Email:
arka@lbaweb.com
Office:
925-932-2450
Mobile:
925-932-2450
  • Listing No: 4134
  • Status: Available
  • Area: Contra Costa County
  • Price: $340,000

Description

This is a 13-year-old established smog test only (no repairs) located in North Contra Costa County on a major road with full visibility. The smog business represents a semi passive income for an investor who does not want to be involved on a daily business. It is governed by the State, it has verifiable financials via actual invoices and statements (some from the government), and it does not require the owner to have any knowledge of cars.
Gross sales 273,908.00
Cost of certificates 17,738.00
Gross profit 256,170.00
Expenses;
Rent 46,200.00- Wages 70,200.00 – Payroll tax 7,700.00-
WC insurance 780.00 – Liability insurance 1,500.00- Opus rental 5,740.00
Transmission fees 1,729.00 – Merchant fees 1,099.00 – AT&T 1,128.00
Business license 238.00 – BAR permit 300.00 – Shop supplies 350.00
Office supplies 400.00 – County 571L 150.00 – Incidentals 200.00
Total expenses 137,714.00
Net profit to investor 118,456.00

Seller is also landlord;
Business established for 13 years – Tech is seller’s brother: $27.00/hr
No advertising done at all – Open M-F 8:30-5:30, Sat 9-2- Seller will carry $70K for 2 years. 1st qtr 2022 sales 19% higher than 2021
5 year lease plus 5 year option
Rent increases by 3% every year for first 5 years – Seller will share office space
Electric, water, garbage included in rent – Security deposit: $7,700

Business Information

Ownership Type: Corporation
Year Established: 1999
Year Purchased: 1999
Business Type: Smog Test Only
License(s) Required: Business
Hours of Operation: (8.30am- 5.30 pm M-F)/ Sat. 9am-2pm
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp: No
Office Listing Number: 4134
Date Available: 05/04/2022
Reason For Sale: Look for other opportunities

Financial Information

Annual Total:
273.908.00
Revenue:
Annual Net Income:
118,456.00
Inventory:
Monthly Payroll:
5,850/m

Lease Information

Base Rent:
3,850/m
Lease Expires:
2027
Lease Option:
1 x 5 years Option
NNN:

Financing Information

Down Payment:
Owner Will Carry:
Other Finance:
Terms:

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