367444 BK Absentee Financial & Wireless Services

Not Disclosed, VA

Asking Price: Annual Revenue:
$465,000 $487,110

Retail: Electronics, Technology, Computers, Cell Phones

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RE: 367444 BK Absentee Financial & Wireless Services Broker: Bill Kelly

Quick Facts

Asking Price: $465,000
Annual Revenue: $487,110
Net Profit: Not Disclosed
Cash Flow: $179,005
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2007
Employees: 4
BBN Listing #: 132543891
Broker Reference #: 9525-367444

Email or Print Listing

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Business Overview:

EXCELLENT INVESTMENT OPPORTUNITY! Successful for over 18-years, this ABSENTEE OWNER BUSINESS offers Financial Services and Mobile Phone Sales through a single storefront location in Northern Virginia. Currently owned by a CPA, this business started in 2002 offering only check cashing and money orders. Now has over $2,000,000 in bank deposits each month, and provides the owner with $180,000+ per year in pre-tax from commissions earned, fees, and retail sales.

Over the years the business has grown into a multi-faceted service center offering Check Cashing, Money Orders, Western Union Wire Transfers, Bill Payments, Tax Preparation, and Multi-Carrier Wireless Services (AT&T, Direct TV, Boost Mobile, and recently added Cricket Mobile). Serving 80% Hispanic and Minority clients the employee's offer bilingual communication and all will stay with business after the sale.

All vendor contracts are transferable to qualified new owner.
Seller has been absentee owner since 2009. Nice clean books. SBA READY! Seller will support the prospective buyer for 30 days to allow for a smooth transition. Seller is offering Qualified Buyers a limited amount of owner financing to accommodate commercial or SBA loan. Call Broker for more information.

2021 Sales Estimate): $500,000+
2021 Owner Net: $190,000+
Rent: $1,300
Employees: 4 (part time W2)
HRS Per Week Required by Owner: 10
This business has been profitable each year since 2002 and is well established in the community.
There are other financial and/or mobile service retail stores within a five mile radius but none have the full complement of services offered under one roof.
To expand to a second location and increase online marketing.

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Reason for Selling:

Other business interests.

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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