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Check Cashing Business
| Asking Price: | $105,000 | Inventory: | |
| Gross Revenue: | $97,164 | Real Estate: | n/a |
| Cash Flow: | $65,628 | FF&E: | $5,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
Have you ever imagined owning a bank? This business is very close to that dream! Located in the prime demographic of Hemet, this business has great local cliental. Currently run by an employee 6 days a week. The owner is absentee and visits once a week. The net assumes you run the business full-time with no employees.
This business has two primary sources of revenue. 80% of the business is payday loans and 20% is check cashing. You lend people money based on their next paycheck.
Payday loan consumers are paying $7 to $45 per $50-$300 borrowed for a term averaging 18-20 days. These cash advance fees are equivalent to huge returns on your money. These returns are simply PHENOMENAL!
The sellers have a system in place to minimize risk and maximize return. They will train you in all aspects of this business.
Payday loans, just in the USA, are estimated to be a $40 billion to $50 billion dollar industry and still growing 20% to 30% annually! (Internet transactions are difficult to estimate).
Add revenue to this business by adding more services, Bill payment services, Notary, PO Boxes, Auto registration services, bookkeeping service, CPA or other professional service.
There is no better way to make money than on other peoples money!
This business has two primary sources of revenue. 80% of the business is payday loans and 20% is check cashing. You lend people money based on their next paycheck.
Payday loan consumers are paying $7 to $45 per $50-$300 borrowed for a term averaging 18-20 days. These cash advance fees are equivalent to huge returns on your money. These returns are simply PHENOMENAL!
The sellers have a system in place to minimize risk and maximize return. They will train you in all aspects of this business.
Payday loans, just in the USA, are estimated to be a $40 billion to $50 billion dollar industry and still growing 20% to 30% annually! (Internet transactions are difficult to estimate).
Add revenue to this business by adding more services, Bill payment services, Notary, PO Boxes, Auto registration services, bookkeeping service, CPA or other professional service.
There is no better way to make money than on other peoples money!
About the Business
Year Established:2002
Employees:1 full time -
Facilities:Rent is $1,328
About the Sale
Reason For Selling:Has other Business
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Current Search
Industry: Financial
Segment: Personal and Auto Lenders Next Listing: 3 Payday Loan Stores for the Price of 1
Last Viewed: Theme Restaurant & Banquet Facility
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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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