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10/17/07

SBA Loans Tip: Unreported Income



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Todays SBA Loans Tip: Unreported Income - If your business valuation is not accurate, you could be in for a surprise. There is often unreported income hidden in any business. It can amount to tens of thousands of dollars.

Todays Featured SBA Pre-Qualified Business Opportunities For Sale:

1. Orange, Orange County, California based auto accessory store opportunity for sale - The business sells auto accessories which include: body kits, wings, custom tail & head lights, euro lights, billet grills, performance items, mufflers, chrome trim, interior trim, DVD, navigation and stereo equipment, suspension kits, tires and wheels, window tinting and much more. Hrs. of operation: 10am-7pm (M-Fri), 9am-6pm (Sat.) and 11am-5pm (Sun). The store is located in a small strip center and is anchored by a liquor store, barber shop and a hardware store, each of which is drawing a predominately male 'auto accessory' type customer. Shop is centrally located and with easy access from the 91, 55 and 57 freeways. New lease available to buyer. The 3 employees include a full-time sales assistant, a mechnic and a part-time kit installer. Shop is centrally located and with easy access from the 91, 55 and 57 freeways. Deal Structure: Price: $195,000, Adjusted Net: $105,000. For details go to: http://www.bizben.com/listings/88309.php

2. Austin, Travis County, Texas based training school business for sale - Professional job training and assistance programs for individuals starting a career, re-entering the workforce, or looking to advance in their current employment structure. The company provides direct instruction in small classroom settings providing specialization in computer services, medical office support, medical administrative assistance, and business office specialization. During training the candidates perform "hands-on" work and are coached on interview skills, resume preparation, and other necessary job searching tools. The job seekers can choose to take fast-track certification that can run for about 90 days or in a program that could be extended to up to a year. The owner believes with the constant demand for employment training, the growth opportunity for the company is extraordinary. There are nearly 30 full-time employees that work in the operation with nearly 20,000 square feet of campus and office space being utilized at this time. The business financials reflected have been audited by an independent CPA. Deal Structure: Price: $600,000, Adjusted Net: $186,309. For details go to: http://www.usabizmart.com/businesses/121003.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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Posted at 9:11 pm in SBA Loans

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