A 38 year old electrical contracting company, located in Hunterdon County, New Jersey, with repeat customers 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 $81,000 as a down payment, and based on historical data, would make $160,000 in the first year after paying back the loan. An electrical contractor’s license is not required to own this business. The loan includes $150,000 of working capital from the bank.
Owner looking to retire.
Yes. Please note: an electrical contractor's license in not required to own this business.