| Asking Price |
$895,000 | Inventory |
$120,000** |
|---|---|---|---|
| Gross Income |
540,000 | Real Estate |
|
| Cash Flow |
$305,000 | Year Established | 1998 |
| FF&E |
$70,000* | Employees | N/A |
* included in the asking price
** not included in the asking price
Buy one or both. Well known businesses with great reputation established in the same locations for more than 10 years and caringly attended by the owners. Very loyal clientele of many years. Franchised operation focusing on check cashing, payday advance loans, sale of money orders, wire transfers, bill payments. Businesses are located in very safe areas of Panorama City and Canoga Park in the San Fernando Valley area. "Cash Plus" the Franchisor is very active and accessible, always helping and innovating to increase business operations and profitablility for their 65 Plus Franchisees all over the USA. "Cash Plus" Panorama City is operated by the owner working full time and neting in excess of $ 100,000. Also, the business can be operated with 2 part time employees and the owner only supervising twice or three times a week for a few hours. "Cash Plus" Canoga Park is operated by the owner working full time and neting in excess of $ 205,000 per year but also can be operated with one full time employee and one part time employee with the owner only supervising the business two or three times a week for a few hours. Ideal businesses with no inventories to liquidate at the end of the year or spoiled food at the end of the day. Price does not include approximately $ 120,000 in payday advance receivables for both stores. Additional capital needed to operate both businesses, approximately $ 120,000. Stores are open Monday through Thursdays from 10AM to 7PM. Fridays 9AM to 7PM. Saturdays from 9AM to 5PM. Closed on Sundays. Please, qualified Buyers only. Buyer's financials needed before appointments to show.
Facilities: 1412 sq.ft.in Panorama City and 1260 sq.ft. in Canoga Park. Included in price computers, printers, copiers, ATM Machines. Panorama City is located in a huge shopping center with Home Depot, Home Town Buffet, Ross, AMC Theathers and Canoga Park with Jack in the Box, Value Plus and Subway among other tenants. Ample parking in both stores.
Competition: Location. Location. Location. Well known businesses established in the same prime locations for 10 years in Panorama City and 11 years in Canoga Park in busy shopping centers with very loyal clientele.
Growth/Expansion: Tremendous growth potential with many stores, banks, employment agencies and apartment projects around for added source of additional income. Because of the very large square footage in Panorama City, part of the lobby has been rented in the past to Income Tax Preparers, Insurance Agents etc. for $ 1,000.00 per month that increases the yearly Cash Flow $ 12,000 more per year. Tax Returns Filings, Mail Boxes, Cell phone sales, notary services
Financing: Some financing might be available
Support/Training: Franchisor will train for one week. Owner will train for 3 weeks.
Reason Selling: Moving out of area

Isaac Bensussen
619-392-4344
Pacific Coast Real Estate Group
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