Today’s Franchise Tip: Access More Funding For A Franchise – The SBA guarantees loans for franchises for more than you could usually get. You can access large amounts of money. Perhaps you can demonstrate the ability to make a large amount of cash flow, but you don’t have the capital or collateral to obtain the funds needed to run the business. An SBA loan is ideal for this situation.
Today’s Featured SBA Pre-Qualified Business For Sale Listings:
1. Whittier, Los Angeles County, California based Italian restaurant for sale – Established over 20 years ago in a greatly visible and excellent location. Selling property with the business doing over 850,000 a year. It is a beautiful freestanding building on a huge lot of 17,781 sq. ft., ample parking, business is mostly help-run with no delivery service. There is a banquet room seating 60. This restaurant has even more potential for growth with the right owner. *** Confidential *** Please do not talk to anyone at the restaurant. Deal Structure: Price: $1,750,000, Adjusted Net: $140,000.
2. Union County, New Jersey based liquor store business for sale – South Ave. Liquors. Attractive one story building with adjacent ample parking. One block from railroad station. Store is well arranged and neat. 13 door beer refrigerator. 2nd large beer cooling room located at rear of store. Main liquor store in area with a very good & large assortment of liquors, beers, and wines. Store is exceptionally clean just waiting for a new owner to come in and carry the store on for next 2 years or so. Extremely easy store to run and maintain. Office includes onilne operation. Deal Structure: Price: $495,000, Adjusted Net: $121,440.
* 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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About the Author
Peter Siegel, MBA, Founder and President of BizBuyFinancing, has been assisting business buyers, owner/sellers and intermediaries to obtain business purchase financing since 1990. For more information about business purchase financing, please phone Peter Siegel, MBA at 800-540-1811.