Buy a business for sale or sell a business for free. Find businesses for sale, franchises, business brokers & commercial loans.

Advanced Search  |   Listings By Email  |   Message Boards  |   Professionals Directory  |   Loans & Financing  |   Business & Mortgage Notes  |   Buyer Resources

Background Screeners of America Franchise Opportunity

Office Evolution Franchise Opportunity

StartupHomeCare Franchise Opportunity

Business For Sale Search Results

New Search

Get Free Information on all of the Top Franchises

Ask questions in our Entrepreneur Forums

Get a Business Loan

Profitable Check Cashing Stores In 3 Locations
Location: United States -> California -> Southern California - Los Angeles Area -> North Hollywood
Industry: Business Services > Financial




Business Summary

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.

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 secure substantial profits for years to come.

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.


Financials

Asking Price Range:  $500K - $1.0M
Gross Revenues:   $651,652
Cash Flow:   $248,852
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $4,500
Seller Financing:  Not Disclosed

About The Business

Year Established:  2007
Number of Employees:  6 - 9
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased
Property:  Property For Sale

About The Sale

Management Training and Support:  2-4 weeks
Reason For Selling:  Non-core business for large corporation

Photos

View Larger Photo(s) Of Business
Profitable Check Cashing Stores In 3 Locations Photo 1




Print Listing Id: 700269395
Can't Find Your Dream Business? Get Free Franchise Information on all the top franchises, Post a Free Wanted Ad on our Message Boards, Get New Listings sent to you, or try our Advanced Search.

Don't forget to Sign up for our Newsletter and get free tips on how to buy or sell a business from the leading industry experts!

Advertise Your Business For Sale   Free Listing!


Related Searches: Advertising and Marketing  >  Architecture and Interior Design  >  Commercial Cleaning  >  Construction  >  Equipment Rental and Leasing  >  Financial  >  Graphic Design  >  House and Garden Maintenance  >  Laundry  >  Locksmiths  >  Pet Care  >  Postal and Messenger Services  >  Printing Service  >  Security and Protection Services  >  Staffing  >  Towing  >  Transportation - Airplane, Taxi, and Limousine  >  Waste Services  >  Other Services  > 

Also See: Franchise Opportunities > Franchise Resales > California Businesses For Sale > California Franchises For Sale > California Business Brokers



CAN'T FIND A BUSINESS?
Click here to post a free "business wanted" message to the Message Boards.

Click here to get new business for sale listings emailed to you automatically.

Contact the Seller
* All fields are required
Re: GlobalBX ID: 700269395
Your Role
Buyer Type
Experience Level

Yes! I want my FREE e-book and newsletter.
Do Not Send Spam
GlobalBX does not tolerate unsolicited commercial email or "spam". If you are not a potential buyer of this business, do not use this form.