Profitable Independent Check Cashing & Payday Loans

Broward County, FL

Profitable Independent Check Cashing & Payday Loans

Asking Price:$370,000

Cash Flow:$129,532

Gross Revenue:$199,243

EBITDA:N/A

FF&E:$10,000

Inventory:N/A

Lease Rate/Sq. Ft.:N/A

Established:2006

Profitable Independent Check Cashing & Payday Loans

Get Financing Save Print Share Valuation Report

Business Description

Reason for Sale: Change in Career- Profitable Independent Check Cashing & Payday loan business. Full time Owner Operator makes $130k. Fantastic location that supports check cashing and payday loans. $65k of existing payday loans on the books included with the sale. $200k gross profit per yr. Easy to run and seller will train. Franchise buildout but no franchise fees. Lease expires in 2018 but landlord will renew. Perfect opportunity to add on a second location or convert to a franchise concept. Seller does no marketing to help increase the sales volume. Many repeat loyal clients.

Detailed Information

Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
N/A
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Support & Training:
Will train for 2 weeks @ no cost.
Reason for Selling:
Change in Career.

Listing Statistics for Premium Members

Ad#:1296616 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 of Use 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

Russell Cohen

Business Listed By:
Russell Cohen

Murphy Business & Financial Corporation

Show Phone Number

View My Listings

Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities.


Sponsoring Broker:
Murphy Business

Find out more...

Get more details about this business.


Similar Listings


RecoverMax

Franchise Opportunity
Capital Required: $50,000