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3 Replies Last post: Mar 21, 2009 9:16 AM by bmt2008

acuisition of existing service company

Mar 18, 2009 12:36 PM

crowley 2 posts since
Mar 18, 2009

I have the opportunity to purchase an existing growing landscape company. The asking price is 800,000 but owner is willing to finance 450,000. The business produces over 700,000 per year and it had a net profit over 300,000 in '08. I am looking for some money to come up with necessary 350,000 to purchase the company. I would appreciate any advice on where I can find a lender. The business will not qualify for SBA because it has only 200,000 in assets. I have perfect credit score of over 700.
Help me please!!!

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LUCKIEST 7,935 posts since
Aug 6, 2007

1. Re: acuisition of existing service company Mar 18, 2009 2:46 PM

Acquisition of existing service company, Welcome

Tell me more. Who are you?? Where are you?? How can I contact you??

Have you seen the books and records?? Can I see prior year tax returns??

Talk to me, LUCKIEST

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crowley 2 posts since
Mar 18, 2009

2. Re: acuisition of existing service company Mar 18, 2009 3:15 PM

in response to: LUCKIEST

I am in Utah--the business is in norhtern Utah. I have seen projected financials, but financials are mixed in with another company owned by the same owner. I have proof of contracts for what is currently being done. I can be sontacted via e-mail or on my cell phone at 435-668-0108.

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bmt2008 305 posts since
Jul 30, 2008

3. Re: acuisition of existing service company Mar 21, 2009 9:16 AM

We can help - just go to our website - www.businessmoneytoday.com - Or, search "Business Money Today" in your favorite search engine - fast, easy, and free.

As a side note: With the revamped SBA programs - $200K should be more than enough.

Business Money Today

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ForumsFinancing Tips

This Question is Possibly Answered

acuisition of existing service company

Mar 18, 2009 12:36 PM

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