Today's Business Loans Tip: Business Valuations On Small Businesses Are Valued Differently By SBA Lenders - Since lenders tend to be a bit more conservative - business valuations on small businesses tend to be less than what a business broker or small business owner may compute the value at any point in time. Since lenders usually take lower multiple of earnings and less add-backs in determining the adjusted net income this equates to lower business valuations in business for sale deals. That is why it is important to go to the right SBA lender on any deal to get the best valuation and financing on a deal.
Today's Featured SBA Pre-Qualified Business For Sale Opportunities:
1. Glendale, Los Angeles County, California based
Italian restaurant for sale - This restaurant has been providing excellent service in an elegant atmosphere- in fact; it has received the prestigious "four diamond award" six years in a row, zagat rated. Restaurant has a full bar with a wide variety of wine and beer. Plus they provide catering service. From formal weddings to casual family reunions all types and sizes either on location or at the restaurant. This business is located in a highly desirable location. Business continues to increase and continues to provide a very nice profit to the owners. Deal Structure: Price: $595,000, Adjusted Net: $258,000. For details go to: http://www.bizben.com/listings/87253.php
2. Jacksonville, Duval County, Florida based
custom closets manufacturing business for sale - Florida premium custom closets franchise: business custom designs, manufactures and installs custom closets. Since 1983, custom closets have become a very highly requested home improvement by consumers nationally. The North Florida franchise was opened in 1996 and has consistently produced $150,000 - $200,000 annual owner’s cash flow benefits. Beautiful, extremely functional tailored closets and other storage areas (offices, entertainment centers, garages, laundry areas, children’s rooms, etc.) for upscale homeowners. 40% of current sales come from referrals from happy customers, 5% from the franchisor’s website, and the remaining 55%from advertising.Located in North Florida near beaches and resorts. The franchise territory includes 6 South Georgia counties and 11 North East Florida counties.
Lease Amount; $2,256 Per Month
FF&E: $134,000 Included
Inventory: $9,000 Included
Year Established: 1996
Number Of Employees: 4ft 2pt
Reason For Selling: Retirement
Deal Structure: Price: $542,500, Adjusted Net: $172,209. For details go to: http://www.usabizmart.com/businesses/115419.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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