Business Overview:
A 31-year-old Niche Manufacturing Company in Union 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 $274,000 as a down payment, and based on historical data, would make $402,000 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.
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Reason for Selling:
Owner looking to retire.
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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