A well-established service company, located in Bucks County, PA, has come on the market. This business was established 42 years ago, with most of the annual revenue coming from repeat customers. No industry experience is required to operate and grow this business. For a qualified buyer, this business has been pre-approved for an SBA (Small Business Administration) loan. A new owner would have to invest $58,000 as a down payment, and based on historical data, would make $166,000 in the first year after paying back the loan. The bank financing includes a line of credit of $75,000 which can be used as working capital.
Owner looking to retire.