Asking Price:

$265,000

Gross Income:

N/A

Cash Flow:

$125,000

FF&E:

$22,000.00 *

Inventory:

N/A

Real Estate:

N/A

Year Established:

2000

Employees:

2

Business Types:

Finance, Banking, Loans, etc.
Other Business Services

* included in the asking price

Business Description

Established in 2000, this business was much more profitable when the economy was doing well. The business has suffered as a result of the down-turn. However it is still very profitable. Once the economy picks up the revenue will go up to the previous level which is about 3 times the current revenue. The rent is very low and the overhead is also very low. It is an ideal business for someone who wants to pick up the business at a low price, as the business is being priced on the current revenue.

Detailed Information

Facilities:

This check cashing business was founded on 2000. It is established in the community and has a large Spanish speaking clientele. The office is in a good location. The owner is anxious to sell

Competition:

Competition is normal. But this business was established in 2000 and is still very profitable. When the economy picks up it will return to its extremely high profitability. It is being sold at its current profitability.

Growth/Expansion:

Growth depends on the ecomomy improving and marketing skill of buyer.

Financing:

no financing available

Support/Training:

Owner will stay for 3 weeks and train

Reason Selling:

Owner wishes to leave the state and move closer to relatives