Foreign Currency Exchange Licensed Company

Business Overview:

Established and profitable Currency Exchange Company located South Florida.

Very well known Foreign Currency Exchange company offering competitive exchange rates and immediate service at locations in South Florida - buy and sell over 70 different currencies. Semi absentee owner. No need of any particular skills to own this Business.

Immediate availability of major Foreign Currencies
Same or next day delivery of minor Foreign Currencies
Exchange any Foreign Currency currently in circulation into US Dollars
With no minimums or maximum amount requirements
Cashing of Foreign Travelers Checks

Compliance is a key component of their business practice.with policies and procedures customized for their currency exchange business they are committed to complying with the legal and regulatory requirements of a Money Services Business in the State of Florida. For more information please visit http://www.flofr.com/Finance/msbusinesses.aspx.
Compliance program uses advanced technology and a thorough review process in order to ensure consistent accountability.

Experienced compliance team that ensures all employees are routinely trained and tested on the latest enhanced compliance concepts.
This a Money Service Business, registered under FINCEN (Financial Crimes Enforcement Network, US Department of the Treasury) as well as the Florida Office of Financial Regulation. For more complete information on the FINCEN compliance guidelines visit the FINCEN website: http://www.fincen.gov.

They are licensed for all activities involving checks and foreign exchange.
NDA, Strong financials and buyer's profile will be required to all prospects.

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Property Features and Assets:

Inventory of $200,000 is not included in the sale. 12 strategic locations in Miami Dade, Broward and Palm Beach counties (one main location and 11 others inside travel agencies or customer service offices). Friendly staff is ready to assist customers immediately by providing worry-free currency exchange. They serve locals, tourists, visitors, corporations, travel agents, hotels and financial institutions.Owner is willing tol train of few month for a smooth transition.

Market Competition and Expansion:

They only purchase or sell valid bank notes currently in circulation They offer competitive rates with their exchange rates which are competitive with or better than local banks and much better than airport exchange rates. They help the customers avoid unexpected surprises: Banks sometimes stop your card if they suddenly notice transactions in a foreign country and small local shops either do not accept credit cards or add a surcharge for credit card purchases. In addition, Europe has implemented a Chip & Pin system for credit cards so your US based magnetic strip cards may not be accepted at some establishments, particularly at automated payment places. They help avoid hassles with long lines at airport exchange kiosks after a long overnight flight, finding an ATM that accepts your debit card network or finding a place to cash travelers checks. they offer peace of mind to travelers : arrive prepared to enjoy your vacation by having local currency immediately available for transportation, snacks, meals, and tips. They help the customer save money: avoid credit card surcharges and ATM fees as well as high fees and inflated exchange rates at airports, hotels and foreign banks. Tremendous potential to grow by opening new locations inside travel agencies, shopping centers etc.

Reason for Selling:

Retirement.

Additional Details:

Documents:

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