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CHECK CASHING

Price: $99,000

Status: Sold

Status: 6386

Status: Los Angeles

CHECK CASHING MAKING $85,000 NET INCOME!

Established 22 years ago, but under current ownership since 2008 – the store size is 400 square ft. store with $1,650 monthly rent including NNN. The lease is monthly, but the new owner can obtain a new long term lease. Open 7 days a week at 8:00am – 8:00pm (Mon. to Sat.) and Sundays at 11:00 am – 4:00pm. The Store cashes $500,000 checks a month at 3% fee. The seller claims his Gross Annual Profit is at $180,000 and his Net Income is about $85,000 a year.

The store has a mail box and generated $2,400 a year extra revenue. There are 2 x employees with $6,000 payroll a month and the only other expense is $100 a month for insurance. Motivated seller please hurry, this listing will not last long!!!

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BUSINESS DETAILS​

Ownership Type:

Corporation

Year​ ​Established:

2000

Year Purchased:

2008

Business Type:

Check Cashing

License(s) Required:

Business. Check Cashing, Permit

Hours of Operation:

Mon-Sun 8am-8pm

Business Relocatable:

No

Franchise:

No

Home Based:

No

Broker to Broker Co-Op:

No

Date Available:

2022-08-30

Reason for Selling:

Too busy with other business

BUSINESS FINANCIAL INFORMATION

Annual Total:

$180,000

Base Rent:

$1650/mo.

Down Payment:

Revenue:

Lease Expires:

Month to Month

Owner Will Carry:

Annual Net Income:

$85,000

Other Finance:

Terms:

Inventory:

Lease Option:

Monthly Payroll:

$6000/mo.

NNN:

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