2-Bay Smog & Repair Shop in Burbank Media District
Burbank, CA, California
Asking Price: |
Gross: |
Cash Flow: |
$55,000 |
$155,000 |
$24,000 |
Business Summary:
The owner of this smog station will enjoy one of the best locations in the city of Burbank. It’s been a fixture in the Media District for decades. This is a 2-bay smog test station and repair shop, where the owner can realize significant profits from doing general engine repairs in conjunction with smog tests. The shop is less than 800 square feet and features an in-ground hydraulic lift in both bays. His total rent is $3,100 per month. He also benefits from rental income he collects from trailer and truck owners who park their vehicles in his parking lot. This rental income will likely be the new owner’s choice, whether to keep it or not. He is in the second year of a three-year lease, which expires in November 2017.The seller owns an SPX California Bar 97 station for late model cars. He leases a Worldwide OBD II DAD smog machine for newer-model vehicles. Both systems are in excellent condition. This is a one-man shop with a part-time technician filling in occasionally. The owner states he will perform about 80 smog tests in busy months. He offers coupon discounts. His standard smog test runs under $60.
|
|
|
|
|
|
Year
Business was Established: 2002 |
|
|
Number of Employees:
1FT/1PT |
|
|
|
Facilities / Terms of Lease:
Approx 750 sf. $3,100/month rent. Lease expiration Nov. 2017. |
|
|
|
Owner
willing to finance:
All Cash |
|
|
|
Owner
willing to train:
2 Weeks |
|
|
|
Reason for selling:
Retirement |
|
|
|
REQUEST MORE INFO |
|
|