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PROFITABLE CHECK CASHING/PAYDAY ADVANCE LOAN BUSINESS IN SAN DIEGO
| Asking Price: | $190,000 | Inventory: | $52,000 ** |
| Gross Revenue: | $186,000 | Real Estate: | n/a |
| Cash Flow: | $101,000 | FF&E: | $35,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
Located in beautiful San Diego and just reduced $10,000 on 09/15/2009. Well know business with great reputation established in the same location for 11 years and caringly attended by the owner. Very loyal clientele of many years. Franchised operation focusing on check cashing, payday advance loans, sale of money orders, wire transfers and bill payment. Located in a busy regional shopping center in a very safe area of San Diego."Cash Plus" the Franchisor is very active and accessible always helping and innovating to increase business operations and profitability for their 65Plus Franchisees all over the USA
Location, Location, Location. "Cash Plus" Clairemont has always been a successful operation. With owner working and one time part employee business will net in excess of $ 95,000 per year. Nevertheless, the business could be operated by two part time employees with the owner supervising twice or three times a week for a few hours each time. Ideal business with no inventories to liquidate at the end of the year or spoiled food at the end of the day. Price does not include approximately $ 52,000 in accounts receivable (payday loans). Additional capital to operate the business, approximately $ 50,000. Some financing might be available. Please, qualified Buyers only. Buyers financials needed before appointment to show.
Location, Location, Location. "Cash Plus" Clairemont has always been a successful operation. With owner working and one time part employee business will net in excess of $ 95,000 per year. Nevertheless, the business could be operated by two part time employees with the owner supervising twice or three times a week for a few hours each time. Ideal business with no inventories to liquidate at the end of the year or spoiled food at the end of the day. Price does not include approximately $ 52,000 in accounts receivable (payday loans). Additional capital to operate the business, approximately $ 50,000. Some financing might be available. Please, qualified Buyers only. Buyers financials needed before appointment to show.
About the Business
Year Established:1999
Employees:1 part time
Franchise:Yes
Facilities:1000 sq.ft. of space in very busy shopping center with Rite Aid, McDonalds, Carl's Jr, Keil's Super Market, Home Town Buffet as tenants. Ample parking. Computers, printers, copier, fax machine, desks, filing cabinets and fixtures included in purchase price.
Market Outlook and Competition:Tremendous growth potential with many apartment buildings, banks, stores, employment agencies around the area that are constant source of new clients that bring additional income from check cashing, payday advances, wire transfers, sales of money orders and bill payments. Store is open Monday through Fridays 10AM to 7PM. Saturdays 10AM to 5PM. Closed on Sundays.
About the Sale
Management Training and Support:Franchisor will train for 1 week. Owner will train for 3 weeks.
Reason For Selling:Retiring
Seller Financing:Some financing might be available.
KEYWORDS: check, checks, check cashing, check-cashing, cashing, payday, advance, loan, loans, finance, san diego, credit, franchisor, franchise
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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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