Today's Business Financing Tip: Relying on Selling Brokers Or Agents For Financing Can Spell Disaster - When buying a business some buyers mistakenly rely on the broker or agent who is selling the business to procure financing for them to buy the business. Most business buyers don't realize that most business brokers and agents rely on one possible two lenders for financing no matter what their terms and conditions are! Remember the first priority of a broker or agent is to sell their clients business - financing comes second (along with your needs for adequate financing). Buyers should always work with a non-biased consultant like BizBuyFinancing to secure the best financing when buying a small to mid-sized business.
Today's Featured Businesses Pre-Qualified By Business Lenders For SBA Loan:
1, Idaho based
trucking company business for sale - This trucking company was founded just over fifteen years ago and is licensed to operate in all 48 of the continental united states. Their fleet consists of 42 power units and 52 refrigerated trailers.
The company has shown steady growth in revenue and profits over the past several years. Sales in 2002 were $5.3 million and reached $6.9 million in 2006. EBITDA has risen from $246,000 in 2002 to $1.1 million over the same period. Under the current operating environment, sales are projected to increase 10%, exceeding $7.6 million in 2007. No one customer provides over 13% of revenue and the top 40 customers contribute 79% of revenue, with the top 100 providing 88%. The company’s founding partners have continuously managed the business and believe that it will require additional capital and/or a merger to achieve the company’s potential in the rapidly growing transportation market. Management has expressed a desire to continue with the company in the event of a full or partial acquisition by a third party.
The company’s headquarters is close to an interstate highway and is located on 10 acres of land in a 10,000 square foot facility. The building has two floors with 2,500 square feet of office space; shower area; break room; washer dryer area; parts supply room and storage/computer room. It also has 4.5 bays; one with a pit, one for truck washing, and two loading docks which are all heated by a waste oil heating furnace. the facility also has a 12,000 gallon underground high flow fueling system with electronic monitoring. Deal Structure: Price: $5,000,000, Adjusted Net: $1,100,000. For details go to: http://www.usabizmart.com/businesses/116220.php
2. Los Angeles, California based
restaurant and billiard club for sale - This is a chance to own a piece of history. This 60 year old restaurant and billiard club is a southern california institution. it has posted consistant revenue and profit growth year after year, and still there is potential upside in the hands of a strong owner/operator. EBITDA has been north of 300,000 for the past 10 years! The business is located on one of the premier retail streets in L.A. County, has 14 years remaining on lease and is in great condition! Current owner is absentee and has strong management in place to run the business. Fully transferable no 47 liquor license. Exeperienced owners only. Qualified buyers should contact seller through email. Deal Structure: Price: $1,750,000, Adjusted Net: $350,000. For details go to: http://www.bizben.com/listings/95054.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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