A 114 year-old Manufacturing and Distribution Business in Essex 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 $96,000 as a down payment, and based on historical data, would make $162,000 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.