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VERY PROFITABLE CHECK CASHING/PAYDAY ADVANCE LOAN BUSINESSES IN PANORAMA CITY AND CANOGA PARK
Panorama City and Canoga Park, California (Los Angeles County)
Financial - Other Financial  |  Financial - Banking Institutions
Seller Financing Available
Asking Price:   $895,000Inventory:   $120,000 **
Gross Revenue:   $540,000Real Estate:   n/a
Cash Flow:   $305,000FF&E:   $70,000 ++
++ included in the asking price         ** not included in the asking price
Buy one or both. Well known businesses established in the same location for more than 10 years. Caringly attended by owners. Loyal clientele of many years. Franchised operation focusing on check cashing, payday advance loans, sale of money orders, wire transfers, bill payments. Businesses are located in very safe areas of Panorama City and 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
Employees:1 full time - 2 part time
Franchise:Yes
Facilities:1412 sq.ft. business in Panorama City in a huge shopping center with Home Depot, Home Town Buffet, Ross, AMC Theathers, Burger King, In & Out Hamburgers, Washington Mutual, Kinkos and H.& R.Block among the tenants and 1260 sq.ft.in Canoga Park with Jack in the Box, Value Plus and Subway Sandwiches among other tenants. Ample Parking. Computers, Printers, Fax Machine, Desks, Filing Cabinets, Fixtures included in purchase price.
Market Outlook and Competition:Tremendous growth potential with many stores, banks, employment agencies and apartment projects around both areas, possible source of additional income from new clients for check cashing, payday advances, sale of money orders, wire transfers all over the world and bill paying. Income Tax Return Filing, Cell Phones 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. Panorama City is operated by the owner working full time and no employees, neting in excess of $ 100,000 per year. Also the business can be operated with two part time employees and the owner only supervising the business twice or three times a week for a few hours. Canoga Park is operated by the owner working full time and neting in excess of $ 205,000 per year. Nevertheless, the store can be operated with 1 full time employee and one part time employee with the owner only supervising the business two or three times a week for a few hours. Ideal businesses with no inventories to liquidate at the end of the year or spoiled food at the end of the day. Franchisor will train for one week and owner will train for 3 weeks. Price does not include $ 120,000 payday advance receivables for both stores. Additional capital to operate both businesses, approximately $ 120,000. 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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