Business Overview:
A 28-year-old Business to Business Manufacturing Company in Passaic County, New Jersey, with long term repeat clients has come on the market. 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 $258,000 as a down payment, and based on historical data, would make $314,000 in the first year after paying back the loan. The bank financing includes a line of credit of $300,000 which can be used as working capital.
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Reason for Selling:
Pursue other interests.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
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