Profile: Perfect Financial Papers. Presently Run 80% Absentee. High Return On Investment.
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Ad/Listing Information
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| Financial Information |
Detailed Information |
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| Asking Price: |
$495,000 |
| Down Payment: |
$250,000 |
| Annual Revenue: |
$401,037 |
| Annual Adjusted Net: |
$243,775 |
| Price Range: |
$250,001 to $500,000 |
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| Franchise: |
No |
| Relocatable: |
No |
| Home Based: |
No |
| Real Estate Included: |
No |
| Bkr To Bkr Coop: |
No |
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Description:
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One Of The Very Few Businesses Where The P&l Statements, The Pos System, And The Tax Returns Match! 100% Verifiable Numbers. Two Partners Own The Business: One Lives In Los Angeles And The Other Commutes From LA To Sf\. The Volume Can Also Be Easily Verified Through The Ca State's Computer System.
The Business Is 2 Years Old. The Owners Are Selling So They Can Take The Money And Develop A Property That They Own. The Location Is A+.
Rent: 3,500/M. Lease: 2 Plus 5 Year Option, And May Get An Additional 5 Year Option. Store Is About 1,213 Square Feet. Average Monthly Gross In 2004: 30,087.00 Average Monthly Gross In 2005: 33,420.00. Average Monthly Gross In 2006: 29,850.00. Yearly Payroll: 79,705.72. Open: M-F8-5, Sat: 8-4, Sun: 9-4. At Any One Time You Need To Have One Licensed Technician And One Service Writer Only. There Are 2 Pt Service Writers Who Make 11.00/Hr, One Ft Technician Who Makes 23.00/Hr, And One Pt Technician Who Makes 23.00/Hr.
The Commuting Partner Occasionally Covers For Absences (Vacations And Sick Days) Only.
As An Absentee, The Business Left A Net Income Of 183,775 In 2005. If The Buyer Runs The Place, Add 60,000 To The Above Net Income.
There Are 2 Other Test Only Places Within 2 Miles From This Place Of Which One May Be Shut Down. New Talks In The State Pipeline That They May Ask Cars That Are Older Than 1990 Or Over 100,000 Miles To Do The Test Every Year.
The Owners Are Willing To Carry A Small Note For A Short Period Of Time At 8.5% With A Strong Offer. Getting A Loan From The Bank Should Be Easy. If You Can't Put A Sizeable Downpayment, Please Do Not Call. The Seller Wishes That I Meet With You In Our Office Before Disclosing The Location Or Be Ready To Fax Me A Financial Statement. Please Call .
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