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Financial Service Center Check Cashing - Payday Loans - Western Union Services
| Asking Price: | $120,000 | Inventory: | |
| Gross Revenue: | $108,419 (comments below) | Real Estate: | n/a |
| Cash Flow: | $77,805 (comments below) | FF&E: | $7,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Gross Revenue Comments: 2008 Gross Revenues | |||
| Cash Flow Comments: 2008 SDE | |||
This business has been in operation since 1996 at this location and was purchased by the current out-of-state owners in 2003’. This business operation is in a rapidly growing industry providing customers a service for a fee that includes cashing payroll or government checks, offering “payday loans” or advances for a personal posted-date check, selling Western Union Money Orders and offering wire transfers through Western Union, etc.
About the Business
Year Established:1996
Employees:1 full time - 1 part time
Market Outlook and Competition:Collectively, Check Cashers process over 180 million checks annually, worth over $60 billion, which generates almost $1.5 billion in revenues. This type of business continues to expand due to the increased costs of doing business with banks. This is a service that is always in demand and their inventory never spoils. This store also offers phone cards, bill pay, sends Faxes and serves as Notary Public for customers. Since the Owners are out-of-state an experienced Manager is in place to operate the business.
About the Sale
Management Training and Support:Negotiable as required by purchaser
Reason For Selling:Health of owner
KEYWORDS: cashing, payroll, government checks, payday loans, selling Western Union Money Orders, wire transfers through Western Union, Notary Public services, and bill paying services, check
Sell Your Business | This listing has been viewed 718 times
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Current Search
Industry: Financial
Segment: Banking Institutions Last Viewed: Community Coin Laundry
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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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