THE Business for Sale Marketplace

THE BUSINESS These well established locations, in two communities, are each positioned on very high traffic count arteries with easy entry from both directions and have ample parking. Both locations—licensed by the State of Idaho’s Department of Finance—cash checks, make payday check loans and send money orders. At any given time there is about $200,000 outstanding in loans. THE COMPANY Both locations have been in business since 1997. The leased facilities are utilized with one containing about 900 square feet and the other approximately 600 square feet in size. In one case the rent is being paid month-to-month in an amount of $450, which includes the utilities. In the second case, current monthly rent is $1,450 and the lease runs through the end of 2007. A trained manager with 10 years of experience is in place who handles the day-to-day operations for both locations. A trained assistant manager also exists. THE REASON FOR SELLING The strength of the control systems and the high degree of employee dedication allow the owners to operate the locations with very little time expended. However, the owners recently decided to redirect their efforts into other commercial ventures that are capital intensive. Accordingly, the owners desire to sell their Western Idaho operations to facilitate that change in location and direction of operations. THE POSSIBILITIES New local ownership could increase revenues by actively marketing the business, increasing both the check cashing volume and number of payday check loans. Agreeing with other businesses to provide on-site payroll check cashing services is another alternative available.