Check Cashing Other Money Services And Cellular Phones For Sale

Business description

Profitable Check Cashing business is now available in the Inland Empire. This money business is professional and secure, located in a prime location between a car wash and an ARCO AM/PM Mini Mart at a major high traffic intersection. The Check Cashing Industry offers an excellent service to a large portion of the general US population who do not have a banking relationship with local and major banks. Services provided in addition to check cashing include money orders, Money Gram, bill payment, pre-paid cellular phone cards, pre-paid Mastercard, copy and fax. The business is also an authorized Verizon, Metro PCS and Boost Mobil Dealership and stocks a nice inventory of phones and accessories. Currently a subtenant helps offset about 1/3 of the lease and draws in additional customers with insurance products. Growth opportunities abound with the purchase of this business! The addition of pay day services is an instant natural to take this business to the next level. A new owner should possess general management experience and have a positive, supportive personality. If you fit that description and would like to be part of this growing, financially rewarding business, you are in the right place at the right time.

Property information

Real Estate:

Lease

Lease terms:

Currently on a 3 year lease with 1 year remaining. Lease has a 7 year option.

Leasehold rent:

$24,000 per annum

Location:

Located at the corner of a high traffic intersection, surrounded by volume type businesses.

Premises details:

Facilities: The facilities are leased on a three year lease (with 7 year option) at $2,000 per month. The business is located in approximately 800 square feet of a strip center between a car wash and an ARCO with AM/PM MiniMart

Size in square feet:

800

Other information

Expansion potential:

The current owner has many ideas to grow the business and is willing to share those with a new owner. Differing philosophies in the current partnership have held the operating partner back from implementing growth initiatives. An example would be the immediate addition of pay day services.

Planning consent:

City license in place for check cashing and payday advance services as well as retail products.

Competition / Market:

By creating an excellent reputation for service within the general community, the business has been able to establish many repeat customers.

Support & training:

Owner will stay at no additional cost for two weeks to transition the business.

Reasons for selling:

Differing philosophies of the partners. Hands on partner also owns another unrelated business and needs to spend more time there.

Trading hours:

Monday - Friday: 10 AM to 6:30 PM
Saturday: 10 AM to 4 PM
Sunday: Closed

Furniture / Fixtures value:

$5,000 (included in the asking price)

Inventory / Stock value:

$3,000 (included in the asking price)