Check Cashing Stores -- 3 Locations in SF Valley, LA

Los Angeles, CA (Los Angeles County)

Check Cashing Stores -- 3 Locations in SF Valley, LA

Asking Price:$595,000

Cash Flow:$248,845

Gross Revenue:$651,652

EBITDA:N/A

FF&E:$15,000

Inventory:N/A

Rate/Sq. Ft.:N/A

Established:2007

Check Cashing Stores -- 3 Locations in SF Valley, LA

Get Financing Save Print Share Valuation Report

Business Description

This highly-successful check cashing firm operates from three store locations, two in the San Fernando Valley and a third in central LA County. It's an 8-year old company that grew quickly by providing excellent service and competitive rates to check cashing customers in working class neighborhoods and employment centers.

The three stores combine to average more than $4 Million per month in cashed checks. Two of the three locations require only one full time employee while an excellent general manager oversees all operations, including making bank deposits.

The stores need less than 800 square feet of retail space to operate comfortably and there is no special build out required. All three locations are currently leased on a month-to-month basis so a new owner has the opportunity to put long-term leases in place and secure substantial profits for years to come. The company makes solid profits with no advertising, no website and no coupons or discounts.

A new owner will need substantial liquidity for startup capital. This opportunity is perfectly suited for an experienced check cashing operator who knows the industry and is currently working with existing banking relationships.

Detailed Information

Real Estate:
Leased
Building Sq. Ft.:
N/A
Lease Expiration:
N/A
Employees:
5 FT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
There are three nicely-built-out check cashing store locations. Two are less than 1,000 square feet of retail space, the third with more than 2,000 sq. ft. of space which could potentially be sub-leased. All three locations are currently leased on a month-to-month basis so a new owner has the opportunity to put long-term leases in place and securebstantial profits for years to come.
Growth & Expansion:
These store locations have enormous customer loyalty among personal and business check cashers. For years small businesses have relied on the company for steady customer service. That loyalty will mean a lot to the buyer who inherits a move-in-ready business.
Support & Training:
2 Weeks Training plus consultation
Reason for Selling:
Non-Core Business for Large Corporation

Listing Statistics for Premium Members

Ad#:1310661 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's terms & conditions before responding to any ad.

Contact the Seller

Sign up for the BuyerNewsletter.
Learn to use your IRA/401K to buy a business: Guidant Financial (min. $50K needed in IRA/401K)
Contact Seller Loading

Brian Loring

Business Listed By:
Brian Loring

First Choice Business Brokers- San Fernando Valley

Show Phone Number

View My Listings

Memberships & Certifications:
Indicates membership in The California Association of Business Brokers (CABB).

Find out more...

Get more details about this business.


Similar Listings


Allstate Insurance Agency

Franchise Opportunity
Capital Required: $100,000