Today's Business Acquisition Financing Tip: Tapping Into Existing Retirment Funds For SBA Loan Financing To Buy A Business Many buyers have built up sizeable amounts in their work 401K and retirement plans. There is a way to tap this money tax free - put it into a "special trust" that then buys the business for you. Many corporate refuges/individuals coming out of corporate America are going this route now when buying a small to mid-sized business. Approximately 30% of our clients now utilize this strategy for down payments and working capital with SBA financing when they buy a business.
Today's Featured SBA Prequalified Business Opportunities For Sale
1. Houston, Harris County, Texas based
sports bar & grill opportunity for sale - Over 12,000 sq. ft. freestanding building. Ample parking on major highway. Well Known. This sports bar & grill is frequently written up in the entertainment guide. They are very busy, the food is good and so is the atmosphere. There are many plasma TVs on the walls with lots of video games. The bars are gorgeous with beatiful decor. This bar is unique since it has a large basement that can be used for catering or just double the size of the club. This is a good opportunity with owner financing. Deal Structure: Price: $400,000, Adjusted Net: $130,860. For details go to: http://www.usabizmart.com/businesses/114160.php
2. Oxnard, Ventura County, California based
concrete contractor business for sale - This construction concrete company was established 20 years ago by the current owner. They specialize in tilt-up construction, as well as slabs and foundation. Last year's revenue was around $3,500,000 with adjusted net of near $500,000. The business requires C8 license. the seller is willing to stay and work for a while allowing the buyer to get the license. Current backlog of projects is around 2M.
Partnership split requires to sell fast and price reflects the urgency.
The company has been pre-approved for an sba loan for qualified buyers. Deal Structure: Price: $400,000, Adjusted Net: $500,000. For details go to: http://www.bizben.com/listings/82716.php
* Note: These businesses have been business pre-qualified only - buyers of these businesses will also have to be pre-qualified - before SBA loan business purchase financing may be obtained. Approximately 32 different factors (buyer/seller info) are evaluated in the SBA loan process for business purchase loan financing.Technorati Tags:
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