Profitable and Growing Check Cashing Business

Indianapolis, IN (Marion County)

Another Great Opportunity from IEB

Asking Price:$110,000

Cash Flow:$96,717

Gross Revenue:$200,000





Profitable and Growing Check Cashing Business

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Business Description

Independent check cashing business serving the Indianapolis metro area. This business has averaged $10M in checks cashed over the last several years. This business also offers utility payment services, Western Union money wire services and is an authorized lottery retailer. Loyal and dependable customer base.....approximately 90% of the customers use this service regularly and 95% of checks cashed are payroll checks. Pay-Day advance services could be added to generate more income and profit.

Detailed Information

Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
1,200 sq ft of leased space in a high traffic strip mall on a major thoroughfare in Indianapolis
A few competitors in the city have recently stopped servicing this area, meaning an increase in demand for this business
Growth & Expansion:
Additional services such as pay-day advance could be added to expand the business
Support & Training:
Current owner will train new owner to insure a smooth transition of the business
Reason for Selling:
Other business interests

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Roger Oberweiser

Business Listed By:
Roger Oberweiser

Indiana Equity Brokers

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Sponsoring Broker:
Troy Frank

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