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- RE: Established Check Cashing
- Contact: Surendra Ghandi
Quick Facts
| Asking Price: | $120,000 | |
| Annual Revenue: | $213,404 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $107,064 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $30,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2004 | |
| Employees: | 2 | |
| BBN Listing #: | 50382979 | |
| Broker Reference #: | 6326SG |
Business Overview:
Well-established, state-regulated, territory-protected franchised business located on a major arterial road with public transportation. Totally transparent and minimally labor-intensive business. Can be operated semi absentee. Superb franchise support. Decent hours of operation. In addition to the purchase price, this business requires liquidity of $150,000 (Proof of funds required). Owner’s compensation of $39,000 added back to the cash flow for an owner operator. Other income: Bad check recovery $22,052. ROI within two years.
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Property Features and Assets:
Well-established business, same owner for 15 years, great location on a busy highway with public transportation
Market Competition and Expansion:
No competition, this is a state-regulated, territory-protected business. Significant expansion, increasing commercial account check chasing may increase revenue
Reason for Selling:
Retirement
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is a franchise resale opportunity
Documents:
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