Asking Price: $499,000 Gross Revenue: $1,397,762Cash Flow: $156,527 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: $41,000 included in asking priceReal Estate: Not Disclosed Share this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
Reason for Sale: Retirement- Profitable Check Cashing Franchise in Broward County. Established in 2005 as one of the top ten stores in the franchise system. Prime retail location with excellent access & signage. Ample Parking. Impeccable interior with all equipment meeting franchise standards. Full service check cashing/financial services store (revenues don't include payday loan revenues). Experienced Staff will support new ownership. $23 million cashed checks yearly with year over year track record. Perfect books & records that match tax returns and POS System and the franchisor's accounting. All buyers must show proof of funds before executive summary is released. No Exceptions!
About the Business
Number of Employees:
4 FT/2 PT
Free Standing Building- Rent $7107/month-Lease Expires 2/28/2020 - 2500 Sq Ft - Renewal 5 year option.
Profitable Check Cashing Franchise in Broward County
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. See our
full Terms & Conditions.