This business will qualify for SBA financing, since it has good books and records and is priced appropriately for its Discretionary Earnings.
Down payment for the business would be approximately $141,605, assuming an SBA loan, sales price of the business of $1,280,000, $100,000 borrowed for working capital, and loan expenses added to the SBA loan of $36,050.
Down payment for the real estate would be approximately $79,244, assuming a sales price of the real estate of $775,000, including $17,438 in loan expenses added to the loan.
Total down payment would therefore be approximately $220,849 for the business and real estate.
Sales price of the business was determined by the seller based on the VR's Opinion of Value for the business prepared based on 2014-2016 financial results. A copy of that valuation accompanies the Confidential Business Review for the business, available upon request to those with the ability to purchase the business and property.
The sales price of the business includes $750,000 in inventory, at seller's cost.
This is an easy to operate business that is well-established and well sell quickly. If you think it might be a fit, do not delay in requesting more information.