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#2224 - A 80-year-old Distribution Business with Consistent Profits, Camden County, NJ
Listing #2224Camden County, NJ
Key Financials
| Asking Price | $1,400,000 |
|---|---|
| Down Payment | $183,000 |
| Gross Revenue | $1,574,000 |
| Cash Flow | $449,000 |
About This Business
An 80-year-old distribution business with consistent profits and a stable, loyal customer base, located in Camden County, New Jersey, has come on the market. For a qualified buyer, this business has been pre-approved for an SBA (Small Business Administration) loan. A new owner would have to invest $183,000 as a down payment, and based on historical data, would make $229,000 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 $150,000 which can be used as working capital.
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