A 35 year old Business to Business Manufacturing Company in Morris County, New Jersey, 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 $520,000 as a down payment, and based on historical data, would make $503,000 in the first year after paying back the loan. The bank financing includes working capital and line of credit of $700,000.
Owner looking to pursue other interests.