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CHECK CASHING SERVICE

Price: $280,000

Status: Available

Status: 3975

Status: 3 AREAS

A well established check cashing and payday loan business in operation for over 25 years. In addition to check cashing and payday loan services, these offices also specializes in selling money orders, bill payment services, money transfers/money wiring, stamps, faxing, photocopies, cell phones and accessories, mail boxes, and UPS pick-up and delivery.
All four locations are located in busy retail plazas with major anchors driving high volume of foot traffic. Each office features bank-quality build- out and security systems. Excellent growth potential through hands-on management.​


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BUSINESS DETAILS​

Ownership Type:

Corporation

Year​ ​Established:

1995

Year Purchased:

Business Type:

Check Cashing Services

License(s) Required:

Business

Hours of Operation:

Mon-Fri 9am-6pm

Business Relocatable:

No

Franchise:

No

Home Based:

No

Broker to Broker Co-Op:

No

Date Available:

08/13/2022

Reason for Selling:

Retiring

BUSINESS FINANCIAL INFORMATION

Annual Total:

$341,550

Base Rent:

$6067/mo. x 3 locations

Down Payment:

$280,000

Revenue:

Lease Expires:

2x3 years & 2x5 years options

Owner Will Carry:

Annual Net Income:

Other Finance:

Terms:

Inventory:

Lease Option:

Monthly Payroll:

$10271/mo. for 3 locations

NNN:

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