Check Cashing, Other Money Services and Cellular Phones
| Asking Price: | $79,000 | Inventory: | $3,000 ++ |
| Gross Revenue: | $48,000 | Real Estate: | n/a |
| Cash Flow: | $36,000 | FF&E: | $5,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
Profitable Check Cashing business is now available in the Inland Empire. This money business is professional and secure, located in a prime location between a car wash and an ARCO AM/PM Mini Mart at a major high traffic intersection. The Check Cashing Industry offers an excellent service to a large portion of the general US population who do not have a banking relationship with local and major banks. Services provided in addition to check cashing include money orders, Money Gram, bill payment, pre-paid cellular phone cards, pre-paid Mastercard, copy and fax. The business is also an authorized Verizon, Metro PCS and Boost Mobil Dealership and stocks a nice inventory of phones and accessories. Currently a subtenant helps offset about 1/3 of the lease and draws in additional customers with insurance products. Growth opportunities abound with the purchase of this business! The addition of pay day services is an instant natural to take this business to the next level. A new owner should possess general management experience and have a positive, supportive personality. If you fit that description and would like to be part of this growing, financially rewarding business, you are in the right place at the right time. Please call Betty Villani, Broker at 909-980-6040 or reply to this listing.
About the Business
Year Established:2007
Employees:2 full time - 1 part time
Facilities:The facilities are leased on a three year lease (with 7 year option) at $2,000 per month. The business is located in approximately 800 square feet of a strip center between a car wash and an ARCO with AM/PM MiniMart.
Market Outlook and Competition:Competition: By creating an excellent reputation for service within the general community, the business has been able to establish many repeat customers.
Growth and Expansion: The current owner has many ideas to grow the business and is willing to share those with a new owner. Differing philosophies in the current partnership have held the operating partner back from implementing growth initiatives. An example would be the immediate addition of pay day services.
About the Sale
Management Training and Support:Owner will stay at no additional cost for two weeks to transition the business.
Reason For Selling:Differing philosophies of the partners. Hands on partner also owns another unrelated business and needs to spend more time there.
KEYWORDS: check cashing, money, financial, services, cell phones, pay day services
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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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