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. Real estate is also included in this transaction. The bank will also provide a $300,000 Line of Credit.
