A 30 year old Bucks County Pa service business has come on the market. The owner wants to retire and is seeking a businessperson to take over his company. Specific industry experience is not required. For a qualified buyer, this business has been pre-approved for an SBA (Small Business Administration) loan. A new owner would have to invest $344,000 as a down payment, and based on historical data, would make $283,000 in the first year after paying back the loan. The bank financing includes a line of credit which can be used as working capital.
Owner looking to retire.