Today's Finance Your Business Tip: Strengths Can Make Up For Deficiencies - As long as you don't have too many weaknesses, your strengths can help you secure the funding you need to buy a business. For example, insufficient cash for a down payment can be overcome with solid cash flow and collateral. Weak collateral can be overcome with good cash flow plus you applicable business experience - all important to
finance a business purchase.
Today's Featured Business For Sale - Business Finance Prequalified:
1. Los Angeles County, California based
jewelry store with real estate business for sale - In addition to owning the 6,000 sq.ft. building, this jewelry store has a number of different revenue streams that make it very stable and profitable, as it has been for many years. Having been owned by the same family for 31 years, most of the clientele is repeat, and many of the customers are multi-generational families. Seller is able to keep cost of goods sold to a minimum having learned the tricks of the trade from his father, which he will in turn pass on to a new buyer. In addition, they have created an amazing business model that has proven to be successful that will enable a buyer to not only maintain the business current profitability - but will also allow a lot of opportunity for growth. The seller would have liked to pass the business on within his family, but due to serious health issues, he must sell now. Price includes 700,000 in inventory, 150,000 in accounts receivable, 30,000 in FF&E, 1 million in land, and business is based on a multiple of the 250,000 in seller’s discretionary earnings. This business will go fast. Deal Structure: Price: $2,350,000, Adjusted Net: $300,000. For details go to: http://www.bizben.com/listings/103150.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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