#2223 - 48 Year-Old Service Business in Cape May County, NJ
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Stable and Well-Run Operation with Room for Growth
A 48 year-old Service Business in Cape May County, New Jersey has come on the market. The retiring owner has built a stable, well-run operation with a strong foundation for continued growth, and no specific industry experience is needed to successfully operate the company. Most of their revenue comes from referrals and word of mouth. For a qualified buyer, this business has been pre-approved for an SBA (Small Business Administration) loan. A new owner would have to invest $373,000 as a down payment, and based on historical data, would make $512,000 in the first year after paying back the loan and own the real estate as well. The bank financing includes a line of credit of $300,000 which can be used as working capital.
About the Business
Real Estate
- Owned or Leased
- Owned
- Not included in asking price
About the Sale
- Seller Motivation
- The owner is retiring.
- Transition Support
- Yes
Listing Info
- ID
- 2441591
- Listing Views
Listing ID: 2441591 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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