Today's SBA lender tip: Computing Adjusted Net Income For SBA Loan Financing Is Different
Computing adjusted net income for SBA loan financing purposes is very different that what a business broker or owner would utilize to sell a small to mid-sized business. Most business brokers and owners are very aggressive on "add-backs" to compute adjusted net income to justify a higher price on the business being sold. However,
SBA lenders typically utilize the basic add-backs since they are more conservative that business brokers and small business owners. In doing so the price of the business is also adjusted in th eyes of many SBA lenders.
Today's Businesses Pre-Qualified For SBA Lender Assistance:
1. Los Angeles County, California based
clothing wholesaler opportunity for sale - unique opportunity to buy a fast growing highly profitable wholesale/retail biz. Unique opportunity to buy a fast growing highly profitable wholesale/retail clothing business, which features the latest fashions for women and students. What's unique is the margins in this business and the selling price. The margins are 2 times cost for the wholesale clients and are 3 times cost for the retail clients; and in it's second year the business is selling in excess of a million dollars of product. The other unique item is the selling price. Typically this business would command a 2.5 or 3 times cash flow selling price, however this owner is willing to sell for 1 times cash flow, feeling she has already gotten a great return for the investment she has made in the development of this business. This makes it a great bargain for the qualified buyer. Deal structure: price: $525,000, adjusted net: $532,000. For details go to:
http://www.usabizmart.com/businesses/111914.php
2. Pomona, Los Angeles County, California based
car wash listing for sale with convenience store for sale. Car wash, c-store, long tunnel, big lot. Big signage for high visibility.. Huge price reduction for quick sale! Located on the biggest street in town with a big signage for high visibility. Big lot of 33,402 sf, building of 8,730 sf. Lease 19 years plus 1 five yr option. Rent: 6,930 / mo. Monthly net is average 18,870 / mo. A big income for the price. This value packed car wash is specially priced for quick sale. Great for a first time car wash buyer. The sale is for business only. Deal structure: price: $890,000, adjusted net: $226,000. For details go to:
http://www.bizben.com/listings/89837.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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