A 65 year old distribution business, located in Middlesex County, New Jersey, has come on the market. For a qualified buyer this business has been pre-approved for an SBA (Small Business Administration) loan. A new owner would have to invest $525,000 as a down payment, and based on historical data, would make $769,000 in the first year after paying back the loan. This loan includes $500,000 in working capital from the bank.
Owner is looking to retire.