VERY PROFITABLE CHECK CASHING/PAYDAY ADVANCE LOAN BUSINESS IN PANORAMA CITY/SAN FERNANDO VALLEY
| Asking Price: | $190,000 | Inventory: | $50,000 ** |
| Gross Revenue: | $214,388 | Real Estate: | n/a |
| Cash Flow: | $100,000 | FF&E: | n/a |
| ++ included in the asking price ** not included in the asking price |
Huge price reduction. This profitable check cashing/payday advance business was $ 250,000. Now, only $ 190,000. The $ 60,000 price reduction reflects the motivation of the owners to sell and go forward with their plans. Well known business with great reputation established in the same location for 10 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 paying. Located in a huge shopping center in Panorama City in the San Fernando Valley area. "Cash Plus" the Franchisor is very active and accesible, always helping and innovating to increase business operations and profitability to their 65 Plus Franchisees all over the USA. Store is open Monday through Thursdays 10AM to 7PM. Fridays 9AM to 7PM. Saturdays 9AM to 5PM. Closed on Sundays.
About the Business
Year Established:1999
Franchise:Yes
Facilities:1412 sq.ft. of space in a huge shopping center in Panorama City in the San Fernando Valley area with Home Depot, Home Town Buffet, Ross, AMC Theaters, In & Out Hamburgers, Burger King, Washington Mutual, Radio Shack, Kinkos and H.& R Block as some of the tenants. 24 Hours Security. Ample Parking. Computers, Desks, Filing Cabinets, Printers, Fax Machine, Copiers, Fixtures included in Purchase Price.
Market Outlook and Competition:Tremendous growth potential with many stores, banks, employment agencies, apartment projects around the area, source of additional income. Also, because of the very large store, part of the lobby has been rented in the past for $ 1,000.00 per month to Tax Preparers, Insurance Agents, etc. that add $ 12,000 to the yearly cash flow. Income Tax Return filings, Cell Phone Sales, Notary Public 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 out of area
Seller Financing:Some financing might be available.
KEYWORDS: Location. Location. Location. "Cash Plus" Panorama City has always been a successful business operation. With the owner working full time and no employees, business nets in excess of $ 100,000. Nevertheless, the store can be operated by the owner working and one part time employee (28 hours per week) and the business will net $ 82,000 Plus per year. Finally, with the owner working only 3 hours per day and a full time employee, business will net in excess of $ 75,000 per year. 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 $ 50,000 in payday advance receivables. Additional capital to operate the store, approximately $ 50,000. Some financing might be available. Please, qualified Buyers only. Buyer's financials needed before appointment to show.
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