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Only $15K down SBA Loan This Engineering Co NET $60K Income for Owner

Chicago, IL (Cook County)

Seller Financing Available
Only $15K down SBA Loan This Engineering Co NET $60K Income for Owner
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Asking Price: N/A

Cash Flow: $80,000

Gross Revenue: $309,609

EBITDA: $79,918

FF&E: $178,350

Inventory: N/A

Rent: $1,884 /Month

Established: 2008

Only $15K down SBA Loan This Engineering Co NET $60K Income for Owner

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Business Description

$15K Down with Bank Loan NET $60K Owner Operator's Income & 80% Upside Potential

Do you have Talent for Engineering, Architecture Consulting?

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The owner's statement;
"This Engineering Consultation Corporation was established in 2008 as an "S" corporation. In April 2013, the company started expanding the business as a Ddesign Professional Engineering firm.

As the design firm, the company produces all kinds of projects, such as civil, structural, architectural. The company has only one professional engineer (P.E) who holds professional Licence from the State of Illinois. The company has only one location in Chicago.

Moreover, we are doing construction material testing and inspection services.

If the new owner wants to expand even further as an architect, civil design firm then only one additional structural engineer P.E needs to be hired and focus only on the design work —
Currently, one professional engineer works at the location and doing all of the civil, structural inspection & testing services also.

All employee and the professional engineer are willing to stay and work with the new owner.

As a buyer, you ask, why I am trying to sell this business. The main reason is that my health is not doing well. I have a specific health condition. I can not work outside in the cold weather. My doctor has restricted me from the work in the open or outside. I can only work indoors."

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The Broker has the deal, pre-qualified by the SBA lender/bank -
*
Do you have $30,000 Cash Available to show in the bank and only $15,000 down payment is needed (if you qualify)?
*
Make a 300% return on your cash down payment.
-
Your bank loan payment shall be only $10,874 per month
-
Owner's Financing
-
Total Loan payments approximately $2,000 per month - (assuming an 8.00% loan 10 yrs amortization)

Your Net Cash Flow - Take Home $60,000 with an investment of $15,000 down
payment.

If you meet the following pre-requisites, then you may even buy the business with only $15K down payment.

The low down payment is available,
If you meet the following terms and conditions are dictated by the lender. Some fees apply.
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1- US Citizen or Green Card Holder (permanent resident) with the;
2- Related verifiable experience I must be verified through W2, 1099, Schedule C or business tax returns)
3- Have $30,000 to show in your bank account.
4- Minimum Credit score of 630 or more and
5- MUST NOT have any slow pay (30-60 DAYS past due) in the last 24 months.
6- The SBA loan payments and terms are not determined by the Broker.
7- The Business loan interest rates are WSJ prime rate + 2.75% per year.
8- There are some typical, customary SBA loan closing costs.
9- The broker may be able to finance all of the closing costs into the business loan
10- Other terms and conditions apply.
11- This is NOT a guarantee to lend or solicitation to lend.
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FILL IN THE NDA FIRST
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FAX OR EMAIL BACK TO THE OFFICE.
-
PLEASE DO NOT CALL FIRST

Attached Documents


Detailed Information

Location:
Chicago, IL
Real Estate:
Leased
Building SF:
1,500
Lease Expiration:
N/A
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Reason for Selling:
Health
Business Website:
http://syedbrokerage.com
Contact Seller

Contact the Seller

(from currently available funds)
 
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Mehmood H. Syed, CM&AA

Business Listed By:
Mehmood SYED

Syed Brokerage & Capital Co.

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