35-Year Check Cashing Business for Sale

Lubbock, TX (Lubbock County)

Seller Financing Available
35-Year Check Cashing Business for Sale

Asking Price:$325,000

Cash Flow:$200,000

Gross Revenue:N/A

EBITDA:$170,000

FF&E:$5,000

Inventory:N/A

Lease Rate/Sq. Ft.:N/A

Established:1976

35-Year Check Cashing Business for Sale

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Business Description

Well-Establlished Check Cashing Business in Lubbock

HUGE REDUCTION! Owner motivated to sell business!
Great building in Active location. Business features bullet-proof glass, commercial grade safe, security system, cameras.
Rent is $2,000 per month, including Utilities.
Two years remaining on current Lease with two 5-year Options (12 years total remaining on Lease)
Seller will train Buyer for up to two weeks.
Business operates Monday through Saturday, closed on Sunday.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
N/A
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Space is located inside a well-established Convenient Store.
Competition:
Oldest and longest-running check cashing business in Lubbock, Texas. In 40 years, there have been only two Owners. Current Owner has run business for last 10 years.
Growth & Expansion:
Very strong business with many regular and long-time customers.
Financing:
OwnerFinanceAvailable w sufficientDP. Must show proof of funds/confidentiality.
Support & Training:
Seller will train Buyer for up to two weeks. 1 additional employee will stay on with new buyer.
Reason for Selling:
Seller is pursuing another business venture.

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Business Listed By:
Blake Truett

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