Today's SBA Loan Tip: SBA Fees - SBA loans have fees such as packaging fees, loan guarantee fees, appraisal fees and etc. They can be added back to the loan amount. A downpayment on a SBA loans is usually between 10-30% of the transaction value.
Today's Featured SBA Pre-Qualified Business Opportunities For Sale:
1. Los Angeles, Los Angeles County, California based soft goods manufacturing business for sale - Niche garment manufacturing business that sells their diversified products to higher end retailers and does not compete or sell to mass merchants like Wal-Mart etc. Company has a road sales force of 12 sales representatives throughout the country plus they have international distributors in 12 other countries around the world. Company owns their own factory in Mexico and cuts in usa and sews at their factory in Mexico. Company is privately held and has a well known brand name in the industry. Company has a great reputation and a loyal following. Business has been operating for over 22 years and the owner is moving out of the area and would like to retire. Business is good and trend is up. Gross sales for 2006 were 4,750,000. Net cash flow 375,000. sale price includes: 1) saleable inventory, 2) Mexico factory and 3) FF&E valued at 1,000,000 plus. Sale price is: 1,600,000. Owner is motivated and business can increase bottom line net if china were to be utilized for part of their production by the new owner. Deal Structure: Price: $1,600,000, Adjusted Net: $375,000. For details go to: http://www.bizben.com/listings/88333.php
2. Essex County, New Jersey based bar and restaurant listing for sale - Seldom does a money maker become available for sale at such a low price. Situated in Orange, NJ. No other bars near by (over 1/2 mile) away. All cash, no cards. Only open from 5:00 pm on to 2:00 am. All repeat customers who pack 14 stool bar, backed by barmaids. This place is reminiscent of ferry street bar/restaurants. Setting for 40 at tables for dinner. Bar has simple food menu, bar is always busy. Back of tavern has a pool table, always in use. This place is a true money maker. Unbelievable amount of beer sold. Has 3 TV’s-one 60 in. plus jukebox. Owner has plans to increase business. Food 20%, bar 80% both sold at 20% cost. Spanish-American cuisine. Sells several hundred cases of beer weekly. Deal Structure: Price: $335,000, Adjusted Net: $188,450. For details go to: http://www.usabizmart.com/businesses/118216.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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