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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  

 

 

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