Hello!

I’ve always wanted to own one of these as the overhead is low and the profits can be high. There is one for sale in my area at around $115k. It offers mailboxes (82% filled), printing/faxing services, and U-haul business. All together there is about $11k/mo revenue with about $6.3k going out to things like rent, salary (I would be the only employee), insurance, etc.

There is zero marketing done and about 300 offices within a 2-mile radius. The owner has wanted to get his Notary license (but never did) and with a quick Google search there are 44 attorney offices nearby. He also wants to add a ATM machine and a Bitcoin ATM.

I just had my accountant look at the books, and he was very surprised with how profitable the business was. The owner has been in business since 2008 and has not made money with the company.

The question I have: is there a SBA loan out there to acquire a business like this? I could probably get another $10k or so taking me up to around $35k, with needing another $80k in a SBA to buy the business. Is that even possible?