Perfect business for an investor who doesn't need to know anything about cars, nor does he need to have special licenses. The books & records are very easy to validate through Mitchell, raw invoices, and third party statements. It will require no more than 15 hours per month from the investor's time.
This is a 1,610 sq. ft. smog and oil change facility with 3 drive-through bays plus a waiting room located on a main road in Sacramento. Remaining lease is 5 years plus a 5 year option with total monthly occupancy rent of $3,107. Two full-time smog technicians are running the operation.
Sales from 6/1/2018 to 5/31/2019 were $301,441 despite the fact that he was not Star rated for 2.5 months. Expenses for the same period were $206,971 including cost of certificates, SGS fees, merchant cost, equipment rental, liability insurance, permits, supplies, advertising, utilities, etc. Net profit to a semi-absentee investor: $74,000.00. About 66% of the sales are generated via credit cards.
The shop is open Monday - Friday, 9:00am - 5:30pm, Saturday, 9:00am - 4:00pm. The business was established about 10 years ago. The inventory is not included in the asking price. The seller is willing to carry a note of 20% of the purchase price with 5% interest for 18 months to a qualified buyer with a strong offer. The seller needs to tend to his pizza store which requires a lot of his time.
Asking $195,000. If you have the funds, please call me so we can discuss. Do not simply send me an email. Seller is motivated.