Sunbelt’s January 2010 Newsletter
HAPPY NEW YEAR!
President Obama Signs Bill to Extend Funding for
SBA Recovery Lending Programs through February 28, 2010
Small Business Administration (SBA) restarted Recovery loan approvals on December 28, 2009. President Obama signed an appropriations bill that included $125 million to continue the enhancements made possible through the American Recovery and Reinvestment Act (ARRA) to SBA’s two largest loan programs. What this means for you:
- Enhancements to the SBA 7(a) program – a 90% guarantee and waiving of SBA Guarantee Fees – will continue through February 28, 2010.
- Existing loan applications from borrowers who chose to be placed in the SBA’s Recovery Loan Queue will be funded first.
- New approvals of loans with the higher guarantee and reduced fees are expected to begin by December 28, 2009.
For more information on these changes and how you may benefit from these program enhancements, please contact us.
Call us today for a free list of local SBA lenders
A New Year, A New Start with Your Own Business!
Our Newest Listings
N692 – Micro Electronic Assembly – To be Relocated
This business includes a complete clean room and equipment to provide engineers and production employees with fast turn-around, typically 24 hours. The business provides reliable assembly of IC Prototype Packaging using Ceramic and Open Cavity Plastic Packages, Die Qualifications Samples, Short Production Runs, Chip and Wire, Multi-chip and Hybrid Packaging. All equipment included: clean room, compressors, air purifying equipment and more. The business has multiple repeat customers and a customer list is available. The clean room is modular and can easily be relocated. This business needs to move to your location. Manufacturing Process Manual is available. Technical training on equipment can be arranged. Asking $99,500.
Contact Loyd Rhyne at 602-284-7617 or loyd.rhyne@sunbeltnetwork.com
N609 – Roof Insulation Repair Contractor
The business applies a urethane foam roof system from 1 inch to 12 inches that is leak-proof and also insulates. There is an established crew of three employees. The owner takes all telephone calls and sends leads to his salesman. Most of the business is by referrals from other roofing companies and satisfied customers. The roofing company is located in the East Valley, but jobs are Valleywide. There is one equipment storage yard, which is month-to-month, three work trucks, two trailers, a dump truck and a fork lift. This company has a solid reputation and working relationships with other roofing companies in the Valley and many satisfied customers, which brings referrals. Current cash flow of $60,632. This great business is offered at $250,000.
Contact Loyd Rhyne at 602-284-7617 or loyd.rhyne@sunbeltnetwork.com
N695 – Luxury Salon & Day Spa
Luxury Salon and Day Spa in downtown Chandler. Build-out on this beautiful salon cost approximately $500,000. Upscale look and feel. Featuring: 6 Hair Styling Stations, 2 Luxury Pedicure Stations, 2 Manicure Stations, 2 Massage rooms, 1 Dermalogica Custom treatment room, 2 restrooms, 1 with shower. Services include: Hair Services, Nail Care, Lash Treatments, Cosmetic Lessons & Application, Facial Treatments, Men’s Treatments, Wedding Packages, Body Treatments, Detox Treatments, Waxing, Massage Therapy. Offered at only $130,000.
Contact Barb Elliott at 602-206-3447 or barbelliott@msn.com
N696 – New Self-service Laundry in Phoenix
This is a new 2,788 SF store built by Coin and Professional Equipment Company, which is Arizona’s premier laundry equipment distributor. C-PEC has developed new Maytag equipped stores in Arizona for over 46 years and has been the driving force behind the growth and shape of the laundry store industry in Arizona. C-PEC’s extensive knowledge of the Arizona market has enabled the company to develop lasting, successful stores throughout the Phoenix metro market. The store they are offering is to be located in a high-traffic shopping center with a high-density population. The store will have equipment with the latest of technology. There are two financing sources. Equipment leasing and bank loans with an SBA loan guarantee. Offered at $499,375 with a potential cash flow of $85,723.
Contact Dave Miller at 480-223-1234 X13 or miller@sunbeltnetwork.com
N697 – Towing Company in East Valley
This towing company has been in business for fourteen years. They do dealer and private towing, but not call-outs for wrecks. The company has four trucks with roll beds and an office with parking for the trucks that are returned daily. As with most businesses, 2009 sales were down considerably. 2007 and 2008 sales were twice what 2009 show. This is a great time to get in on a business with a proven track record. 2009 cash flow of $80,000. Asking price is $350,000.
Contact Gary Morford at 480-223-1234 X34 or gary@sunbeltnetwork.com
Quote of the Day
“Your success and happiness lies in you. Resolve to keep happy, and your joy and you shall form an invincible host against difficulties.”
– Helen Keller
Sunbelt can make your dreams of owning a business a reality. Let our trained professionals show you how. Contact us today and find out why Sunbelt is the place to go to buy or sell a business.
Best Regards,
David Miller, Owner
Sunbelt Business Advisors, LLC
4801 S. Lakeshore Drive, Suite 201
Tempe AZ 85282
Office: 480-223-1234, Ext. 13
Fax: 480-223-4249
E-mail: miller@sunbeltnetwork.com
Web: www.SBAtempe.com
Tags: Arizona Business Broker, Business Broker, Business for Sale, Business for Sale in Arizona, Business Opportunities, Buy a Business, Sell a Business
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