A 69 year old manufacturing business, located in Essex County, New Jersey has come on the market. This turnkey operation requires no industry experience. For a qualified buyer, this business has been pre-approved for an SBA (Small Business Administration) loan. A new owner would have to invest $101,000 as a down payment, and based on historical data, would make $154,000 in the first year after paying back the loan. The bank financing includes a line of credit of $150,000 which can be used as working capital.
Owner looking to retire.