If you are seriously considering buying a business, now is the time to act. In early 2020 the CARES Act Debt Relief program, contained funding for SBA loan programs on loans that were disbursed through September 2020, significantly reducing the SBA charges and including several months of payments on the loans. This program provided substantial benefits and cost savings for individuals buying a business. 

The good news is that in December 2020, the Consolidated Appropriations Act was signed into law extending these programs. For SBA loans for real estate (504 program loans) approved between February 1, 2021 through September 30, 2021, borrowers will receive six monthly payments up to a cap of $9,000 a month and SBA fees will be waived. For non-real estate (SBA 7a program) SBA guaranteed business loans, the SBA bank processing fees are currently being waived and most banks are passing that saving along to buyers. Additionally, the SBA is currently paying the initial three months of payments on these loans. Borrowers will still need a down payment of 10%.

For details and to see if you qualify, contact your local SBA lender.

New to the market this month is a 30-Unit Motel in the Lakes Region of NH. This property has been fully renovated and is ready for full occupancy. We also highlight a great Motel/ Cabin property in a busy Lakes Region tourist area.

Businesses continue to sell. We recently had two more closings.

If you don't see what you are looking for here or on our website, please contact us and let us know what you are interested in.

Leon

SOLD! This very successful residential and commercial roofing company was being run by the second generation at the time of the sale. This well-established company is known for its excellent reputation and quality work. The company offers full-service roofing work including installations and repairs for all types of roofs. It is a company where its customers are its biggest source of referrals. Income the past three years has averaged just under $1.8 million producing average discretionary earning to the owner of $355,000 per year. Also included with the sale is 7000 square foot building that houses the business office as well as three rental units generating $3,150 in rent payments per month. The transaction was brokered by Ed Settino.

SOLD! This business is gem in the rough. It has the pieces in place but is in need of new energy to take it where it can go. Diverse customer base. High demand products. Untapped markets exist. eCommerce potential. Business can be moved locally to a more efficient space. Plenty of upside potential. Owner is willing to stay on to run the nuts and bolts leaving a new owner time to expand.

This small manufacturing business and distribution company, selling business to business, has been serving its customers for over 40 years. the present ownership has developed a network of steady municipal, contractors and property management customers enhanced by a reputation for service, reliability, attention to detail and getting the order delivered on time no matter what the obstacle is. A more aggressive e-commerce sales effort and improved inventory system will help a new owner to drive sales growth in the future. The transaction was brokered by Ed Settino.

Concord Area Market and Deli with Real Estate

We have buyers looking for quality businesses. If you are a current owner and considering selling or not sure what your exit plan will be, contact us and we can discuss your options.