A 27 year-old distribution business with increasing profits and a stable, loyal customer base, located in Brooklyn, New York, has come on the market. A person with sales and/or general management experience can easily grow this business to the next level. No technical experience is required. For a qualified buyer, this business has been pre-approved for an SBA (Small Business Administration) loan. A new owner would have to invest $495,000 as a down payment, and based on historical data, would make $671,000 in the first year after paying back the loan. The bank financing includes a line of credit of $300,000 which can be used as working capital.
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