Hi Profit Mobile Check Cashing Biz for Sale
California (Los Angeles County)
Personal - Other Personal Prod. and Services
Asking Price:   $1,000,000Inventory:   
Gross Revenue:   $984,000Real Estate:   n/a
Cash Flow:   $420,000FF&E:   n/a
++ included in the asking price         ** not included in the asking price
This business specializes in cashing payroll checks for employees onsite at the company location. They have 8 fully secure and custom made vans that travel mostly throughout Southern California. By prior arrangement witht he company, a van is dispersed to aparticular company on the company grounds. The employees meet the truck at a pre designated time and day and cash their payroll checks. The business operates mostly on Thursday and Friday. On Monday all the reconcilliation of the checks is done. The other days are part time except Sunday is closed. Also included in the price are two stand alone traditional check cashing facilities.

This business has great books and the seller is an accountant.
About the Business
Year Established:1985
Employees:7 full time - 4 part time
Facilities:Two free standing fully equipped traditional check cashing locations in LA county
Market Outlook and Competition:Lots of room for expansion of the mobile check cashing service to just about anywhere. There are currently50+ accounts which have been with the company for many years. The employees are fully trained and also have been with this company many years.
About the Sale
Management Training and Support:24 weeks
Reason For Selling:Spend more time with family

KEYWORDS: Check Cashing


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Business Listed By
VR Business Brokers - LA & Orange Co  |  VR Business Brokers
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