10/9/06 - Today's SBA Loan Tip For Business Purchase Loans/Financing: Buying Out A Partner Or An Owner Helps Facilitate Cash Flow Based Financing
This type of purchase works well when a partner wants to buy out another partner, or a manager (or managers) wants to buy the business from the owner. Financing can be secured with SBA loan financing provided the other "32 SBA loan factors" match up fairly well. Over 20% of our consulting clients at BizBuyFinancing are employees or partners who want to buy a business with conventional or SBA loan financing.
Today's Featured SBA Pre-Qualified Business For Sale Opportunities:
1. Asheville, Buncombe County, North Carolina based Hair Salon Franchise For Sale - Well-Known Multi-Unit Franchise Opporunity. Well-Known Multi-Unit Franchise Opporunity. This Offering Is A Perfect Pathway To Multi-Unit Franchise Ownership. Current Owners Have Accomplished All The Initial Investment In Time, Money And Effort. The Units Of This Established Franchise Offering Achieve Profitability In Year 2 Of Operations. These Locations Are Already In Year 2 And Growing. Great Foundation For Further Expansion. Deal Structure: Price: 395,000, Adjusted Net: 102,000.
2. West North Carolina, based Truck & Travel Plaza Opportunity For Sale - High Volume Truck & Travel Stop Located On Major Interstate, W/Real Estate.. High Volume Truck & Travel Stop Located On Major Interstate. Area Offers High Volume Traffic Along A Major Transportation Corridor And High Growth Area In Western North Carolina. The Facility Is Open 24/7, Includes 5 Diesel And 5 Gasoline Pumps, 10,000 Sq. Ft. Building Constructed In 1999 And 6 Paved Acres. A Restaurant Is Also Co-Located Within The Complex Generating Over $80,000 Per Month In Revenue. Current Ownership Does Not Market Via Interstate Billboards. The Real Estate Is Included In Sale Price. Deal Structure: Price: 2,900,000, Adjusted Net: 400,000.
* 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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