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  • RE:  Check Cashing And Payday Loan Business In NW FL Panhandle
  • Contact:  Doug Whiting

Quick Facts

Asking Price: $250,000
Annual Revenue: $153,837
Net Profit: Not Disclosed
Cash Flow: $110,308
Total Debt: Not Disclosed
FF&E: $2,500
Real Estate: Not Disclosed
Year Established: 1997
Employees: 1
BBN Listing #: SB-56972
Broker Reference #: MOBILAL001-56972

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Business Overview:

Introducing an exceptional Check-cashing and financial services business in NW-Florida established in 1997 with current owner since 2002. This company provides services common in the check-cashing industry, catering to individuals seeking immediate access to funds from checks including Payroll, Tax-refunds, Insurance drafts and money transfers along with Payday Loans. Owned by a licensed professional with an established location on a main thoroughfare. Note: new operator will be required to have MSB licenses for Check Cashing as well as Payday Loans Benefits include experienced knowledge of industry, instant market penetration, existing infrastructure, and steady cash flow. 16’ Van Body Billboard Truck with signage included. Inventory of book of existing outstanding payday loans available for negotiation. The business's established reputation, customer recognition, and local market knowledge further bolster the acquirer's competitive advantage. Growth opportunities abound, and the groundwork laid by the business paves the way for easy expansion, diversification, and synergy creation. In essence, this acquisition offers an industry player a comprehensive solution to fortify their position in the Check-cashing / Payday Loan sector, particularly within the NW Florida Panhandle region.

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Reason for Selling:

Owner plans to retire

Additional Details:

  • The property is Leased.
  • This is not homebased business opportunity.
  • This is not a franchise resale opportunity

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