An 18-year-old construction related Company in Monmouth County, New Jersey, has come on the market. Most of its revenue comes from repeat customers and referrals. No specific industry experience is required to run this company. For a qualified buyer, this business has been pre-approved for an SBA (Small Business Administration) loan. A new owner would have to invest $86,000 as a down payment, and based on historical data, would make $231,000 in the first year after paying back the loan. The bank financing includes a line of credit of $100,000 which can be used as working capital.
- Asking Price:
- $825,000
- Sales Revenue:
- $1,298,000
- Cash Flow:
- $361,000
Property Information
- Real Estate:
-
Lease
Business Operation
- Reasons for selling:
-
Owner looking to retire.
Other Information
- Support & training:
-
Yes.
