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Business For Sale
FINANCIAL SERVICE PAYDAY LOANS AND CHECK CASHING
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Asking Price: |
$120,000
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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Health. |
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Year Established:
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1996 |
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# of Employees:
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2 |
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Yearly Revenues:
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$150,002 |
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Yearly Net Profit:
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$84,129 |
Business for Sale Overview:
PRICE REDUCED!
The business is in a rapidly growing industry providing customers a service for a fee that includes cashing payroll or government checks, offering payday loans, selling Western Union Money Orders and offering wire transfers through Western Union, offering Notary Public services, and bill paying services, etc.
Market Competition and Expansion:
This type of business continues to expand due to the increased costs of doing business with banks. Collectively, Check Cashers process over 180 million checks annually, worth over $60 billion, which generates almost $1.5 billion in revenues.
This type of business continues to expand due to the increased costs of doing business with banks. This is a service that is always in demand and their inventory never spoils. This store also offers phone cards, bill pay, sends Faxes and serves as Notary Public for customers. Since the Owners are out-of-state an experienced Manager is in place to operate the business.
Additional Details:
- The property is leased.
- The owner may be willing to train/assist the new owner.
- The owner may be 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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