A 32 year-old B2B Service Business in Somerset County, New Jersey has come on the market.
The owner is ready to retire and is seeking a businessperson to take over his recession-resistant 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 $99,000 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 of $250,000 which can be used as working capital.
