VERY PROFITABLE CHECK CASHING/PAYDAY ADVANCE LOAN BUSINESS IN PANORAMA CITY/SAN FERNANDO VALLEY
Panorama City, California (Los Angeles County)
Financial - Other Financial  |  Financial - Banking Institutions
Seller Financing Available
Asking Price:   $250,000Inventory:   $50,000 **
Gross Revenue:   $216,000Real Estate:   n/a
Cash Flow:   $100,000FF&E:   n/a
++ included in the asking price         ** not included in the asking price
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 Theathers, 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 and one part time employee (20 hours per week) and the business will net $ 85,000 Plus per year. With one owner working only 3 to 4 hours per day and a full time employee, business will net in excess of $ 72,000 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.


Sell Your Business | This listing has been viewed 65 times

advertisement
Print Print
Email Email
Bookmark Bookmark
Contact the Seller
* Bold fields are required
Re: BizQuest ID:977548
Your Name: 
Your Email Address: 
Phone Number: 
Message Text: 
Yes, I would like to receive the Buyer's Newsletter.
Yes, I would like to receive a daily summary of new listings.
Tips for Buyers
Privacy Pledge
BizQuest has been connecting buyers and sellers for over 15 years, and has earned a reputation for honesty and integrity. We will NEVER sell or share your personal information with anyone other than who you have specifically requested. For more see our Privacy Pledge
NO SPAM ALLOWED
BizQuest has a strong anti-spam policy. Use of this form for any reason other than to inquire about purchasing this business will result in cancellation of your account.
Business Listed By
Isaac Bensussen  |  Realty Experts
View All of My Listings
Current Search
Industry: Financial
Segment: Banking Institutions

Next Listing: CHECK CASHING STORE
Recommended Resources
Sponsored Links
FREE money to buy your new business
Business Financing with IRA/401k Funds - No Tax Penalties - An Inc500 Company
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.