Check Cashing Business Extremely Profitable
| Asking Price: | $299,000 | Inventory: | $1,000 ++ |
| Gross Revenue: | $11,320,000 | Real Estate: | n/a |
| Cash Flow: | $119,470 | FF&E: | $8,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
This check cashing business is the perfect opportunity for someone looking to expand their current check cashing operations or someone wanting to get into an established, profitable business. The store is located in a densely populated area of the city and has demographics that are perfect for this type of business. The benchmark of this industry is 1% of total gross sales. This store exceeds that criterion. It is estimated that the non-banking check cashing industry will continue to grow annually by 12% for the next 7 to 10 years. The store is being run by it's owners and has an excellent reputation. It has a solid customer base.
About the Business
Year Established:1986
Employees:2 full time - 0 part time
Facilities:Store is 1000 square feet and the rent is $685.00 per month. It is in a high profile strip center located on a heavy traffic count street. It has excellent visibility, plenty of parking and easy access. The store is fully equipped.
Market Outlook and Competition:The growth potential for this business is unlimited. The open hours are relatively short for this type business and can easily be extended. Offering Pay Day Loans and being open Saturdays would dramatically increase revenues.
About the Sale
Management Training and Support:Seller will provide support/training for 30 days
Reason For Selling:Retiring
Seller Financing:Seller financing available to a qualified buyer
KEYWORDS: check cash, check cashing
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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