Seller's Contact Information
- RE: 1205 -58Yr-Old B2B 2nd Generation Manufacturing Co
- Contact: Benjamin Ross Group
Quick Facts
Asking Price: | $1,600,000 | |
Annual Revenue: | $2,762,000 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $618,000 | |
Total Debt: | Not Disclosed | |
FF&E: | Not Disclosed | |
Real Estate: | Not Disclosed | |
Year Established: | Not Disclosed | |
Employees: | Not Disclosed | |
BBN Listing #: | 5668342 | |
Broker Reference #: | #1205 |
Business Overview:
A 58-year-old, second-generation Business to Business Manufacturing Company in Burlington 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 $260,000 as a down payment, and based on historical data, would make $330,000 in the first year after paying back the loan, and own the real estate as well. The bank financing includes a line of credit of $400,000 which can be used as working capital.
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Reason for Selling:
Owner looking to retire.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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