- Listing ID: 901414
- (Seller ref: HB-0572)
Check Cashing Western Union Services Financial Service Center For Sale
- Location:
-
- USA
- > Mountain
- > Colorado
- > Colorado Springs
- > Colorado Springs
- Category:
- Type:
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Summary
- Asking price:
- $120,000 (Furniture / Fixtures included)
- Sales revenue:
- $108,419
- Cash flow:
- $77,805
- Years established:
- 13
- Employees:
- 1FT/1PT
Business description
This business has been in operation since 1996 at this location and was purchased by the current out-of-state owners in 2003’. This business operation is in a rapidly growing industry providing customers a service for a fee that includes cashing payroll or government checks, offering “payday loans” or advances for a personal posted-date check, selling Western Union Money Orders and offering wire transfers through Western Union, etc.
Property information
- Real Estate:
- Lease
Other information
- Expansion potential:
- Collectively, Check Cashers process over 180 million checks annually, worth over $60 billion, which generates almost $1.5 billion in revenues.
This type of business continues to expand due to the increased costs of doing business with banks. This is a service that is always in demand and their inventory never spoils. This store also offers phone cards, bill pay, sends Faxes and serves as Notary Public for customers. Since the Owners are out-of-state, an experienced Manager is in place to operate the business.
- Support & training:
- Negotiable as required by purchaser
- Reasons for selling:
- Health of Owner
- Trading hours:
- Monday - Friday 9am to 6pm
Saturday 10am to 1pm
- Furniture / Fixtures value:
- $7,000 (included in the asking price)
Contact the seller
For more information about this business for sale, click the Contact Seller button.
Please only contact this seller if you have a GENUINE interest in buying this business. DO NOT MAKE CONTACT if you wish to sell your third party goods or services as you will be blocked from this site.
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- > Mountain
- > Colorado
- > Colorado Springs
- > Colorado Springs
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