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Business For Sale
PAYDAY & CASH ADVANCE SERVICES
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Asking Price: |
$79,900
USD USA Dollars
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Business for Sale Industry: |
Services: Financial, Accounting, Insurance
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Reason for Selling:
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Other Business Demands |
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Year Established:
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2001 |
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# of Employees:
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2 Full Time |
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Yearly Revenues:
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$120,000 |
Business for Sale Overview:
This is a great business that truly helps people. Be a part of a growing industry.
A Second Look at Payday Loans - Payday lenders get a bad rap for charging exorbitant rates on short-term loans. But according to Donald Morgan at the Federal Reserve Bank of New York, they may be better lifelines for cash-strapped consumers than other options.
Payday advances may not be ideal, the author argues, but the alternatives are worse. Without that option, consumers may be resorting to banks overdraft protection or loans from pawn shops, which usually charge higher interest. Or even worse, they just don't pay their bills.
Property Features and Assets:
1,200 square feet building.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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