This is a 14-year-old smog test only (no repairs) located on a major commercial street in NW Contra Costa County with fantastic visibility. The owner who is also the landlord has operated the shop since August 2019. It’s open 6 days/wk for 50 hrs. It’s a very simple business with few moving parts, and perfect for an investor looking for semi-passive income. It is governed by the State and hence the financials are verifiable through actual work orders, invoices from a third party, and statements from vendors. Every line item on the P&L can be validated. The owner doesn’t need to know anything about cars, nor does he need to get licensed. Seller is willing to carry $90K for 2 years.
Gross sales 358,870.00
Cost of certificates 19,800.00
Gross profit 339,070.00Expenses
Rent 49,800.00
Wages 91,000.00
Payroll tax 10,010.00
WC insurance 1092.00
Liability insurance 1,500.00
Opus rental 5,856.00
Transmission fees 2,031.00
Merchant fees 957.00
AT&T 1,230.00
Business license 238.00
BAR permit 300.00
Shop supplies 500.00
Office supplies 600.00
County 571L 150.00
Incidentals 500.00
Total expenses 162,164.00
Net profit to investor 173,306.00