Business for Sale Overview:
The business was started in 2002 when the present owner purchased the franchise. The company offers a cheque cashing service, a pawn broking facility and also retails new, graded and used goods from its retail outlet.
Since its inception the business has built up a solid database of clients who use both the cheque cashing and loan facilities. They also operate a service offering an advance against salaries. In total the company has between five and six thousand users.
The trading policy is to take into stock anything that can be resold from TV’s, household goods and jewelery to car logbooks and recreational items such as bikes and golf clubs.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
The company operates from leasehold high street premises that has a retail show room and trading counter and a stock room to the rear of the premises. There is parking to the rear for three vehicles. The double fronted shop is privately owned. The vendor has a ten year lease of which four years remain. The annual rental is eighteen thousand pounds.
Market Competition and Expansion:
The franchise website.
Local papers.
Yellow pages.
Reason for Selling:
The key director has decided to retire.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Resources: