Well Established Currency Exchange Company

Not Disclosed, CA
Alameda County

Busy Location

Asking Price: Annual Revenue:
$400,000 $169,489

Services: Financial, Accounting, Insurance

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RE: Well Established Currency Exchange Company Broker: Raj Sathyaseelan
License #: 02071580

Quick Facts

Asking Price: $400,000
Annual Revenue: $169,489
Net Profit: $100,993
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 2
BBN Listing #: 298356614
Broker Reference #: SV00140

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Business Overview:

This company offers competitive exchange rates for 80+ currencies in convenient retail locations in San Francisco Bay Area. It has a proprietary currency exchange technology platform that can calculate the exchange rates based on real-time currency exchange data. They also have an eCommerce website where customers can exchange currency online so the currency will be mailed to their desired address. Due to the pandemic, most banks have closed branches and do not offer these services so there is strong demand even with oversees travel significantly down. Most of the customers are repeat customers who travel oversees frequently.

Their retail location also offers additional services such as notary and live-scan fingerprinting. The owner is available for a smooth transition and training

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Reason for Selling:

Owner is ready to retire.

Additional Details:

  • The property is leased.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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