Description

A 70 year old wholesale distribution business, located in Bergen County, New Jersey, has come on the market. The new owner does not need industry experience. For a qualified buyer, this business has been pre-approved for an SBA (Small Business Administration) loan. A new owner would have to invest $480,000 as a down payment, and based on historical data, would make $347,000 in the first year after paying back the loan. The price includes $800,000 of inventory and all accounts receivables. Real estate is also included in this transaction. The bank will also provide a $300,000 Line of Credit.

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