Smog Check Only Co, LA, Great Cash Biz

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Background

BizEx ID:BizEx1119-EM
General Location:Los Angeles, CA
Category: Auto Repair, Parts & Services
Automotive
Years in Business:12
Under Present Owner:12
Hours of Operation:8:00 - 6:00, Monday - Saturday
Owner Hours:8:00 - 6:00 Monday - Saturday
Training:4 weeks @ 20 hours
Organization Type:C-Corp
Lease Expiration:2023
Lease Options:
Building Size:1400
Employees:2
Reason for Sale:Retirement

Financials

Asking Price:$320,000
Down Payment:Negotiable
Gross Sales:$302,000
Discretionary Cash Flow:$174,991
FF&E:$15,000
Inventory Included?Yes
Inventory:$3,000
Min. Operating Capital:$20,000
Real Estate Available?No
Rent:$2,100
Payroll:$2
Financing:Buyer

2018 2017
Gross Sales $ 302,000 $ 300,000
Gross Profit $ 140,682 $ 134,056
Disc. Earnings $ 174,991 $ 169,930

Description

A Very Profitable and Well-established Smog Test Only Shop - Great Cash Flow.  Busy LA Location

This STAR Certified, California State Licensed Smog Check Inspection Facility is located on a busy street in the San Gabriel Valley. High Cash Receipts (documented). They are located in a busy automotive center which generates many customers. They also handle DMV Vehicle Registration services on site.

Founded in 2007 by the current owner, the business handles between 450 - 550 smog check tests per month. Annual Revenue have been steady each year with room for growth since very little advertising is currently done. This shop has loyal customers with excellent Yelp reviews - 5 star rated.

Note: this is a Smog Test Center only and no repairs are conducted on site. Any repairs are referred to the shop next door. 

Contact me for more information: Eric Mellem, Business Broker, at (310) 293-6414 or emellem@bizex.net. For faster response, please complete the Buyer Registration including a Non-Disclosure Agreement at www.bizex.net - go to "Buy a Business", drop box to "Registration and NDA".   Thank you!


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Disclaimer: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.




Eric Mellem
Business Broker/ M&A Advisor
4551 Glencoe Ave. #210
Marina Del Rey, CA 90292
Office: (310) 882-2200 ext 146
Direct: (310) 293-6414
Lic#: 01220802




Arthur B. Kessler
Business Broker / M&A Advisor
4551 Glencoe Ave., Suite 210
Marina Del Rel, CA 90292
Office: (310) 882-2200 ext 126
Direct: (310) 650-7900
Lic#: 01227004

Logos Member of the California Association of Business Brokers Member of the International Business Brokers Association Member of the M&A Source Holder of the Merger & Acquisition Master Intermediary designation, M&A Source's highest qualification Holder of the Certified Business Intermediary designation, IBBA's highest qualification Holder of the Certified M&A Professional designation from Coles College Trained by the National Association of Certified Valuators and Analysts to conduct business valuations