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Smog Test Only

  • Status: Available
  • Price: $410,000

Amrit Sidhu

License No:
DRE #01457832
Email:
amrit@lbaweb.com
Office:
925-932-2450
Mobile:
925-932-2450
  • Listing No: 3834
  • Status: Available
  • Area: Petaluma
  • Price: $410,000

Description

This is a smog test only (no repairs) that has been established for over 14 years with the present seller (who moved to Texas) operating it since August 2016. It has several bays on a large lot located on a very busy commercial street in Sonoma County.

Gross revenue: $540,256.00
Cost of goods: $111,067.00
Total expenses: $265,013.00
Net profit to an absentee investor: $164,176.00

Open 6 days/wk. Runs by two technicians and a PT service writer. Remaining lease: 5 years and 9 months. Seller willing to carry 20% of the sale price.

This is a business running absentee. The owner is an investor. The financials can be easily verified via original work orders signed by customers, statements from vendors and a third party that monitors the activities of the shop. The P&L is complete, accurate, and can easily be validated.

The business is priced below market at 2.5 times the absentee net profit or less than 2 times the adjusted income. The seller would not be willing to wait 3 months for the buyer to secure an SBA loan. If you have $330K that you’re willing to invest in order to make $165K profit, please call me. #3834

Business Information

Ownership Type: Corporation
Year Established:
Year Purchased:
Business Type: Smog Test
License(s) Required: Business
Hours of Operation:
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp: No
Office Listing Number: 3834
Date Available: 12/15/2020
Reason For Sale: Moved to Texas

Financial Information

Annual Total:
$540,256
Revenue:
Annual Net Income:
$164,176
Inventory:
Monthly Payroll:

Lease Information

Base Rent:
Lease Expires:
Lease Option:
NNN:

Financing Information

Down Payment:
$385,000
Owner Will Carry:
Other Finance:
Terms:

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