Todays Business Finance Tip: Good Credit Scores Are Mandatory For Deals Based On Cash Flow - Your credit needs to be spotless and usually north of a 700 credit score if you are to be approved for SBA loan cash flow oriented financing. Lenders want to lessen their risk factor on these deals since their are not many assets to secure the deal. That means the borrower's "financial characteristics" like a credit score needs to be relatively high.
Todays Featured SBA Pre-Qualified Business Opportunities For Sale:
1. Sioux Falls, Minnehaha County, South Dakota based
service business opportunity for sale - This profitable business was established 37 years ago and operated by the present owner for the past 7 years. Growth in revenue continues each year serving established and new customers. The owner is involved in day to day operations completing bids and working with employees. Employees have been cross-trained to handle and work with products, equipment, supplies, and on-site. The business enjoys a current market area of a 200 mile radius with limited competition. Currently over 1800 service customers. Service technicians handle all service contracts and customer service has always been the primary focus of the business. A lease option is available on the building/land that houses the business. The building is approximately 4,800 sq.ft. and is in an excellent location to service customers throughout the territory efficiently. This business offers a buyer excellent growth, profitable bottom line, and the current owner is interested in the possibility of continuing service in sales for the new owner. This company presents itself as a successful business opportunity for a buyer who wants a growing, profitable opportunity with an industry that grows every year. Deal Structure: Price: $530,000, Adjusted Net: $112,488. For details go to: http://www.usabizmart.com/businesses/119418.php
2. Alabama based
glass and glazing service busienss for sale - Established in 1990, this privately held corporation is a leading provider of commercial glass and glazing services, and is located in a major mid-south city. The company has earned a reputation for delivering competitively priced, high quality work and is focused on fabricating and the installation of architectural glass, and related products and services in multi-story construction projects. The company has approximately 45 skilled employees, headquartered in a modern office with a 30,000 square foot warehouse. The company operates a late model fleet and well-maintained equipment. The owners are willing to enter into a long-term competitive lease for the office/warehouse building. The company has experienced year over year profitable growth over the last 5 years. Key financial metrics are: revenue: $10,700,000 cost of goods sold: $6,970,000 gross margin: $3,750,000 expenses $1,080,000 adjusted ebitda $2,684,000. As of August 1, 2007 the company has firm contracts totaling $9,600,000 and anticipates a backlog carryover of over $6,000,000 into 2008. In addition, the company’s customers has verbally committed to another $2,500,000 in contracts with purchase orders to be issued shortly. The contemplated sale of the company will be structured as a stock sale and that the company will be free of debt and cash. If desired by the new owner, the current owners will remain for a reasonable transition period. In addition the owners are amendable to a long-term employment contract. Deal Structure: Price: $8,200,000, Adjusted Net: $2,700,000. For details go to: http://www.usabizmart.com/businesses/119419.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:
business,
sba loan•
Technorati •
del.icio.us •
Digg It •
Furl •
ma.gnolia •
Spurl •
Yahoo MyWeb
Comments:
