Review

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

Status: Available
Price: $400000
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 $116K/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 $6K/m with no yearly increases. Seller will carry $60K for a year with a strong offer.   Gross Revenue        397,465.00Certificates Purchased        45,788.00Gross Profit        351,677.00Expenses            Rent    72,000.00    FT Technician    64,800.00    PT Technician    28,028.00    Payroll tax    8,497.00    WC Insurance    2,321.00    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 (Invoices, Mailers, etc)    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    City Business License & County 571L    458.00    BAR Permit    300.00    Yahoo Domain    60.00Total Expenses        232,795.00Net Profit to Investor        118,882.00        Open M-F 8:15 to 5:30, Sat 8:15 to 5, Sunday 9:15 to 4        Established as a test only since 2005        Present owner since September 2016        Two bays, DAD, all F&E included except leased analyzer        Lease till December 31, 2020 plus 5 year option        WC Insurance estimated at 2.5% of labor cost        FT Technician salaried at $5,400/m        PT Technician @ $22/hr for 24.5 hrs/wk        Asking $400K       
Status: Available
Price: $400000
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: 189,000
Inventory:
Monthly Payroll:
Lease Information
Base Rent:
Lease Expires:
Lease Option:
NNN:
 
Financing Information
Down Payment: 340,000
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.