Business for Sale Overview:
Check Cashing business for sale in Pompano Beach Florida $200,000. The market demand for Check Cashing businesses continues to grow as a result of many factors including recent bank mergers, closure of branches in unprofitable or marginally profitable areas. In addition, a growing segment of the middle-income group is now using check-cashing services as a faster and more convenient way to cash checks and obtain short term loans. The check cashing business is an alternative to the traditional financial business and could be utilized by primary banking services in the business sector in the future. The service of cashing checks is now so much easier to use than it was before. “No hassle, No lines” could be the motto of this new service. Currently this business does check cashing, wire transfers and has a payment center. This business could grow exponentially with the addition of pay day advances or short term loans. There is additional space to add a pawnshop or tax preparation business. Included in the sale price is inventory of $115,000 & Furniture, Fixtures, & Equipment valued at $70,000. Building is 2,100 square feet with room for expansion.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
Pompano Beach is a city in Broward County, Florida, along the coast of the Atlantic Ocean just to the north of Fort Lauderdale. The city has also been listed as one of the top real estate markets being featured in CNN, Money and the Wall Street Journal as one of the country's top vacation home markets. Pompano Beach has always welcomed its many visitors with beautiful beaches, breathtaking sunrises and friendly hospitality and the tradition continues today, only now with so many other exciting activities to choose from, everyone will find something to do and see. Over and a half miles of white, pristine beaches will surely draw those who enjoy a quite, relaxing stroll, with the refreshing Atlantic Ocean gently lapping the shore, or for those seeking more action, a trip to Pompano Park Racing & Poker to watch and cheer on their favorite horse and driver will be more to their liking. Fishing, boating, scuba diving and more are here to enjoy, along with major sporting events only a short drive away. Some of the most challenging golf courses you will find anywhere can be found in Pompano Beach as well as great shopping in many fine boutique shops and the new, soon to be completely renovated Pompano City Center Mall.
Market Competition and Expansion:
There is additional space to add a pawnshop or tax preparation business also adding pay day loans could significantly increase revenue also expanding business hours. Very little competition.
Reason for Selling:
Relocating out of state.
Additional Details:
- The property is leased.
- The owner is willing to train/assist 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.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.