Review

Smog Test Only
Auto Related - Gas Stations, Auto Repair, Car Washes
In or near Contra Costa

Status: Available
Price: $350000
Sq Ft: Sq Ft.

LBA Listing # 3446
Smog Test Only
Auto Related - Gas Stations, Auto Repair, Car Washes


Contra Costa LBA Listing # 3446

This is a 13 year old established smog test only (no repairs) with 2 bays located in the heart of a very upscale community at the intersection of two very busy roads. It is and has been owned by investors for the past 7 years. It is running absentee with a FT technician who makes over $31.00/hr (way overpaid) and a PT tech who makes $22.00/hr. It is perfect for investors who want a semi-passive net profit of $118K/year. It is a business closely monitored by the state, it is recession proof, all questions related to revenue generation can be seen via available software, employee performance can be remotely monitored vis the state's website, it requires less than 15 hours/m of the investor's time, and most importantly every line item on the P&L can be validated via actual invoices, statements, and third party sources. It has 8 years remaining on the lease with rent of $5K/m with no yearly increases. Seller will carry $50K for a year with a strong offer. Gross Revenue 397,465.00, Certificates Purchased 45,788.00, Gross Profit 351,677.00 Expenses: Rent 60,000.00, FT Technician 48,672.00, PT Technician 33,800.00, Payroll tax 7,639.00 WC Insurance 2,062.00, Liability Insurance 1,600.00, Merchant Fees 8,301.00, SGS Fees 7,961.00, Gen 3 Analyzer Lease 5,689.00 Advertising (2 venues) 20,985.00, Direct Mailers (Postage) 1,735.00, Printing 1,881.00, Shop Supplies & Gloves 170.00 Office Supplies 695.00, Telephone (3 lines) 1,869.00, Internet 660.00, Utilities & Towels 4,249.00 Alhambra Water 536.00, License & County 571L 458.00, BAR Permit 300.00, Yahoo Domain 60.00 Total Expenses 209,322.00 Net Profit to Investor 142,355.00

Status: Available
Price: $350000
Sq Ft: Sq Ft.  


Business Information Financial Information
Ownership Type:  Corporation
Year Established:
Year Purchased:
Business Type: Smog Test Only
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: 3446
Date Available: 1/8/2018
Reason For Sale: Other Interest.
Annual Total Revenue: 397,465.00
Annual Net Income: 142,355
Inventory:
Monthly Payroll:
Lease Information
Base Rent:
Lease Expires:
Lease Option:
NNN:
 
Financing Information
Down Payment: 350,000
Owner Will Carry: 60,000
Other Finance Terms: 5% interst for 12 months
Gas Station Information
Gas Volume:
Diesel Volume:
Mart Sales:
Garage Sales:
Disclaimer: This Information has been supplied to Broker by Seller. Broker expressly disclaims any and all liability for representation of warranties, expressed or implied, contained in such information, or for omissions from them. Broker believes such information to be correct, but has not verified or checked it. Any agreement or decision by Buyer to pursue a transaction regarding this Business should be based on further investigation by the Buyer. This information is shared by all Brokers/Agents at Liberty Business Advisors of San Francisco, Inc.