Business Overview:
This business provides onsite check cashing services for employees of local businesses. The owner routinely visits job sites on paydays and processes checks onsite for the work crews. Established for 20 years, the business currently services approximately 12 accounts across Maricopa County. In its current model, the seller operates alone and puts in around 10 to 15 hours a week on the business. The sale of the business includes two armored vehicles, each equipped with bullet-proof glass and cashier windows for receipt and distribution of checks and money.
In addition to the asking price of the business, the buyer will need $250,000 in liquid-cash for weekly working capital.
The seller is motivated and only asking $145,000 for his business.
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Market Competition and Expansion:
There is opportunity for growth.
Reason for Selling:
Retirement
Additional Details:
- The property is leased.
- The owner is 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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