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4/9/07

Business Acquisition Financing Tip: Business Plan May Be Needed



business financing
Today's Business Acquisition Financing Tip: Business Plan May Be Needed For Business Purchase Financing - A business plan is usually requested by most lenders when business buyers get financing to buy a business. Most of the lenders and financial institutions we work with don't require it since we pre-screen our clients carefully and assist with the loan packages. If you don't have a lot of experience in the industry you are buying into, it does help to write a 4-10 page "mini business plan" to demonstrate your knowledge of the industry and business you are planning on buying.

Today's Featured Business For Sale Opportunities That Are SBA Pre-Qualified:

1.  Port Canaveral, Brevard County, Florida based portside bar opportunity for sale - Portside bar & restaurant for sale for $1,999,000! Sale includes the building, SRX liquor license, inventory & furniture, fixtures & equipment. The present building which cover 12,500sq.ft. needs refurbishing, however the other existing businesses in the area are comfortably making between $4 to $6 million a year in sales & there is no reason that this amount of income could not be made with this business providing the right enthusiastic person is in charge. World famous Ron Jon Surf Company just spent $150 million on a new hotel & much anticipated waterpark. Disney has already made an investment with its Disney cruise terminal. The Port Authority is also going to spend millions on developing their new cove project--a series of shops & walkways throughout the area. The cove at Port Canaveral is already a waterfront recreational area. It is home restaurants, shops, charter boats & attractions. Throughout the port, several restaurants & eateries provide menu choices from finger foods to full-course dinners. Seafood is a specialty at the port with the catch of the day going directly from the deck of the fishing boat to the restaurant kitchen. In addition to restaurants & other retail activities, offshore gambling departs from the cove onboard the Suncruz & Sterling casino ships. The Port Canaveral Association, comprised of a number of business owners & representatives, also hosts several major events throughout the year. There is unlimited potential happening in this area & this is some smart investor's opportunity to tap into it with this bar & restaurant which has always been one of the most successful business ventures at the port over the years. Contact now for more information. Prime location at famous Port Canaveral in Brevard Country, on Florida's Atlantic Coast. Port Canaveral is the second busiest cruise port in the world. Deal Structure: Price: $1,999,000, Adjusted Net: $100,000. For details go to: http://www.usabizmart.com/businesses/115437.php

2.  San Fernando Valley, Los Angeles County, California based restoration service business for sale - Established independent full service quality restoration company that has state of the art methods and equipments, plus aggressive marketing referral program. Making this business extremely profitable. The company services Los Angeles, Orange, and Ventura County since 1999. They are known for their 24-hour service, 365 days a year, experienced technicians and having the latest in equipment. In the year of 2006 they completed 1,231 water damage, fire, and mold projects. They provide service to residential as well as commercial accounts. Providing direct billing to insurance, water extraction, sewage extraction, structural drying, fire damage restoration, smoke damage restoration, mold remediation, asbestos/lead abatement, contents pack-out/pack-back, emergency roof cover, and carpet & pad replacement. Licensed contractor. Ideal for the buyer with a construction background. Deal Structure: Price: $1,575,000, Adjusted Net: $500,000. For details go to: http://www.bizben.com/listings/86951.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.

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Posted at 9:25 pm in SBA Loans

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