Business To Buy In Nj

Are you looking for a recession-resistant business that offers unlimited profit-potential, low startup costs, and meets an incredible demand? Learn more about an EverLine Coatings franchise.More details

business to buy in nj

The ideal buyer of this business will be in the healthcare industry, have an organization of its own that can seamlessly integrate the acquired company, and have a well-conceived plan of expansion... More details

High-volume brick oven pizzeria and restaurant for sale. Over 30 years in business! Poised for a great bounce back this year. This location is a spacious 3,800 sq. ft, with a full kitchen, and seating... More details

This business supply wholesaler is one of the leading suppliers of office furniture for the last 30 years. This is an Ability one distribution with schedule contract with all the federal government... More details

Looking for a high-quality custom printing business? Look no further than this well-established printing company that has been serving the tri-state area for several decades. With digital and offset... More details

Are you looking for a unique business opportunity with high profit margins? Our commercial furniture manufacturing business specializes in serving the hospitality and restaurant markets, either... More details

This custom screen printing & embroidery business has just become available on the market. This is a fabulous business in a high demand area with sales that are closing in on $1m. This business takes... More details

LISTING ID # 34029.Enterprise business waiting for you. Earn a generational lifetime of income. Presently an auto repair shop (grosses $35,000 per month) and a gas station (60,000 gal/month) and... More details

Buying an existing business is one way of getting your new venture up and running. Perhaps a business owner is getting ready to retire and wants to pass her shop to someone new, or you have a strong business plan that you think would reinvigorate an existing enterprise. There are many reasons why buying an existing business can be a good option, such as reduced start-up costs and time, an existing customer base, and pre-existing knowledge of how the business performs.

A business broker is a licensed professional for buying and selling businesses. Similar to a real estate broker, they can act as an intermediary between you and the business owner and help you locate a business to purchase, assess the value of the business and negotiate the purchase. Business brokers typically operate on a commission, so make sure that you find someone who you work well with and trust. Depending on the complexity of the purchase, you may also consider hiring an attorney to help you prepare an asset purchase agreement and negotiate the final terms of the transaction.

Make sure to receive and review any contracts, legal documents, and loan information that the seller has that may impact you as the new business owner. Make sure you are comfortable with the terms and assess whether you would be able to either terminate, re-negotiate or transfer ownership to yourself. This review may include items such as:

Request all financial documents, including financial statements, accounts payable/receivable, and tax returns, for the past three to five years. This will help you determine the profitability of the business if there are any outstanding tax liabilities and the actual financial net worth of the business. You may need to enter into a confidentiality agreement with the business owner to obtain this information.

If you decide to purchase the business, you will be responsible for reporting a "bulk sale" to the state Division of Taxation. A bulk sale is the sale, transfer, or assignment of an individual or company's business assets, in whole or in part. Assets subject to a bulk sale may include tangible property, such as inventory or materials, real property (land, buildings, etc.), or intangible assets, such as goodwill.

A franchise is a business relationship where the franchiser provides a license to a franchisee for a fee. This license gives the franchise assistance in organizing, training, merchandising, and management. A franchise operation may resemble a business chain with standardized branding, services, products, practices, and marketing determined and controlled by the franchiser.

You may contact the franchises listed in the disclosure statement to ask about their experience in the business and they can verify that the information provided by the franchiser accurately reflects the franchise experience. New franchise owners and those who have been in business for a few years can offer unique insights regarding financial arrangements, the start-up and ongoing assistance provided by the company, and how much profit can realistically be expected.

A franchiser can only provide some information about the sales, income, or profits of the franchised business in its disclaimer. However, upon request, franchisers are required by law to provide detailed substantiation of any earnings they claim to make. This documentation will show you what percentage of the present franchisees have had sales, profits, or income that equaled or exceeded the amount claimed.

The advice of a lawyer is the most important professional opinion to obtain before investing in a franchise. A lawyer can advise about legal rights in entering a franchise agreement, any legally binding obligations, and may be able to suggest important changes in the contract to better protect your interests. They can also advise you of any state and local laws that may affect the franchise business, if the agreement is compliant with FTC regulations, and will assist with the taxation and personal liability questions that must be considered in establishing any new business.

#34047Calling On Domestic, International And Absentee Interest This business offers consulting, equipment sales, and maintenance service to the bakery industry. Industrial as well as small and medium scale. The owner of this unique business has over 40 years of experience inventing first of kind dough...

#33892This business has over 30 years of experience using heavy machinery to do any size demolition project in both residential and commercial settings. This Demolition & Hauling business has been offering customers the best possible services at the best possible prices. Services include: Demolishing...

This local business is dominating the industry. Tremendous growth. This full-service parking lot maintenance business has little to no organized competition. The sale price includes equipment assets and materials needed to run operations. Almost every building has a parking lot and parking lots deteriorate...

Gutter Installation and Cleaning business. This business was started in late 2021 and really took off in the first quarter of 2022. Currently operating in Bergen, Passaic, Morris, Essex, Hudson, Warren and Sussex counties. Monthly sales average $ 30,000 per month. Business comes turnkey with with assets...

Long standing home-based business selling multiple health related, vitamin and household items. Website with online purchasing available. Major clients are Amazon and Walmart. Highly rated seller on these sites. Current owner runs from home base with storage and shipping. Has great reputation and...

Established in 2006 this highly profitable premiere outpatient Physical Therapy practice enjoys a long-standing reputation for providing patient quality of treatment and outstanding customer service along with a state-of-the-art facility. The business offers a wide variety of treatments which include...

For information on different types of business structures, visit the New Jersey Tax Guide: Starting a Business in New Jersey document. For-Profit Corporations, Non-Profit Corporations, Limited Partnerships, Limited Liability Companies and Limited Liability Partnerships All for-profit and non-profit corporations, LLCs, LLPs and LPs must first obtain an employer identification number (EIN) from the IRS.

The purpose of the Bulk Sale Statute is to protect a purchaser from inheriting any tax debt from a seller of business assets. A bulk sale is the sale (or transfer or assignment) of an individual's or company's business asset/s, in whole or in part, outside of the ordinary course of business. (See examples below.) When a bulk sale of business assets occurs, the New Jersey Division of Taxation needs to be notified so it can collect any taxes owed. Business assets are any assets that generate income or loss and may include:

The bulk sale may generate a capital gain that is subject to income tax. In addition, a business liquidating assets may need to make final payments of sales taxes, withholding taxes, etc. Any delinquent/deficient taxes owed by the seller also may be collected.

The purchaser of business assets, other than in the ordinary course of business, must notify the State at least 10 business days in advance of the sale. This will allow an escrow to be established if the seller has potential tax obligations. To report a bulk sale, file form C9600 .

5. What is a business asset? A business asset is any asset that generates income or loss. Business assets can include goodwill, materials, supplies, licenses, patents, copyrights, equipment, leases, merchandise, inventory, realty, or vacant land. A business asset can be tangible or intangible.

The Division of Taxation must receive the C-9600 and a copy of the contract at least (10) business days before the closing date. Business days exclude weekends and holidays. (See C9600 ) Submit these documents via registered or certified mail to:

12. The Division received notification less than 10 business days before closing. Will the purchaser be protected from potential tax obligations of the seller? No. If the closing occurs before the 10 business-day period and the Division has not assigned an escrow to the purchaser, it is a bulk sale violation and the purchaser will be held responsible for the tax obligation of the seller. 041b061a72