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VERY PROFITABLE CHECK CASHING/PAYDAY ADVANCE LOAN BUSINESS IN CANOGA PARK IN THE SAN FERNANDO VALLEY
Canoga Park, California (Los Angeles County)
Financial - Other Financial  |  Financial - Banking Institutions
Seller Financing Available
Asking Price:   $660,000Inventory:   $70,000 **
Gross Revenue:   $325,000Real Estate:   n/a
Cash Flow:   $205,000FF&E:   $35,000 ++
++ included in the asking price         ** not included in the asking price
Well known 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 payments. Located in a very safe area of Canoga Park in the San Fernando Valley area. " Cash Plus" the Franchisor is very active and accessible always helping and innovating to increase business operations and profitability to their 65 Plus Franchisees all over the USA. Store hours are Monday through Thursdays 10AM to 7PM. Fridays 9AM to 7PM. Saturdays 9AM to 5PM. Closed on Sundays.
About the Business
Year Established:1998
Franchise:Yes
Facilities:1260 sq.ft. business located in a busy shopping center in Canoga Park in the San Fernando Valley area with Jack in the Box, Value Plus and Subway among various tenants. Ample Parking. Computers, Printers, Fax Machine, Copiers, Desks, Filing Cabinets, ATM Machine and Fixtures included in Purchase Price.
Market Outlook and Competition:Tremendous growth potential with many stores, banks, employment agencies, apartment projects around the area for added source of additional income from check cashing, payday advance loans, wire transfers, sale of money orders and bill payments revenue. Income Tax Return Filing, Cell Phone Sales, Public Notary Services could be explored
About the Sale
Management Training and Support:Franchisor will train for one week. Owner will train for 3 weeks.
Reason For Selling:Moving
Seller Financing:Some financing might be available

KEYWORDS: Location. Location. Location. "Cash Plus" Canoga Park has been successful from the beginning. With owner working full time and no employees business nets in excess of $ 205,000 per year. Nevertheless, the business can be operated with one full time employee and one part time employee with the owner only supervising the business 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 $70,000 in payday advance receivables. Franchisor will train for one week and the owner will train for 3 weeks. Additional capital to operate the business, approximately $ 70,000. Some financing might be available. Please, qualified Buyers only. Buyer's financials needed before appointment to show.


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Business Listed By
Isaac Bensussen  |  Realty Experts
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Industry: Financial
Segment: Other Financial

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