A 19-year-old Service Business in Talbot County, Maryland has come on the market. The owner is ready to retire and is seeking a businessperson to take over his company. Specific industry experience is not required. For a qualified buyer, this business has been pre-approved for an SBA (Small Business Administration) loan. A new owner would have to invest $136,000 as a down payment, and based on historical data, would make $208,000 in the first year after paying back the loan. The bank financing includes a line of credit which can be used as working capital.
- Asking Price:
- $1,025,000
- Sales Revenue:
- $2,349,000
- Cash Flow:
- $388,000
Business Operation
- Reasons for selling:
-
Owner looking to retire.
Other Information
- Support & training:
-
Yes.
