Under Contract-SBA PreQual-Custom Proj. Manufacturer in Brooklyn
Business Description
Under Contract!
Established for over two decades, this highly reputable light manufacturing business in Brooklyn specializes in custom solutions for a diverse range of prominent clients. With a strong track record of innovation and craftsmanship, the company designs and produces high-quality, tailor-made products. The business has built a loyal customer base and a stellar industry reputation, making it a trusted name in the sector. In 2023, the owner made a strategic investment in a new ERP system, streamlining operations, improving efficiency, and increasing profitability. This modernization effort has positioned the company for continued growth while enhancing workflow management, production tracking, and customer service. The owner is now looking to retire, creating a rare opportunity for a new owner to step into a well-run, profitable business with a solid foundation and significant growth potential. Don’t miss the chance to acquire this turnkey operation with a history of success and a bright future ahead.
Purchase Price: $7,000,000
SBA Loan Amount : $4,680,000
EquityInjection: $1,440,000 Seller
Note: $1,080,000 on standby for 3 years Monthly Payment : $62,496 Loan Term (in months): 120 Interest Rate: Wall Street Journal Prime + 2.75%, adjusted on a calendar quarterly basis. If funded today, the effective interest rate would be 10.25%
Inquire now on this page to learn more!
Established for over two decades, this highly reputable light manufacturing business in Brooklyn specializes in custom solutions for a diverse range of prominent clients. With a strong track record of innovation and craftsmanship, the company designs and produces high-quality, tailor-made products. The business has built a loyal customer base and a stellar industry reputation, making it a trusted name in the sector. In 2023, the owner made a strategic investment in a new ERP system, streamlining operations, improving efficiency, and increasing profitability. This modernization effort has positioned the company for continued growth while enhancing workflow management, production tracking, and customer service. The owner is now looking to retire, creating a rare opportunity for a new owner to step into a well-run, profitable business with a solid foundation and significant growth potential. Don’t miss the chance to acquire this turnkey operation with a history of success and a bright future ahead.
Purchase Price: $7,000,000
SBA Loan Amount : $4,680,000
EquityInjection: $1,440,000 Seller
Note: $1,080,000 on standby for 3 years Monthly Payment : $62,496 Loan Term (in months): 120 Interest Rate: Wall Street Journal Prime + 2.75%, adjusted on a calendar quarterly basis. If funded today, the effective interest rate would be 10.25%
Inquire now on this page to learn more!
About the Business
- Years in Operation
- 24
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 45,000
- Rent
- Not Disclosed
- Lease Expiration
- 6/29/2032
About the Sale
- Seller Motivation
- Retiring
- Transition Support
- Number of Weeks Seller Will Offer Training: 12
- Financing Options
- Owner Terms:$700,000.00 Interest:10% Term Months:24 Monthly Payment:$32,301.45
Listing Info
- ID
- 2342254
- Listing Views
- 3912
Listing ID: 2342254 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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