Check Cashing and Payday Loan Store For Sale

Business description

Money Store – Make money on money!!! Well established (fifteen years in same location) Check Cashing and Pay Day Loan store in the East LA County (Covina area) also sells many ancillary services such as money orders, Western Union money transfer, bill payment, ATM machine access, prepay phone and credit cards, Pay Day Loan, and more. The location is excellent. First rate building improvements were recently made which include major security features. The facilities are very clean and professional. Company needs a full time owner presence to increase sales and profit. Current owner has been absentee for 4 years and that has hampered profitability as well as causing lower sales. This business is priced aggressively with the sales price aggressively with the sales price less than the gross profits received. Money sells!!! This is an easy company to run but must be managed with proprietary attitude, encouraging the customer to consider all products that the location can offer. Current owner can not manage the store personally and realizes that it is necessary to improve sales so he wants to sell. Write your own ticket with this company. The harder you work, the more you will make. Seller's Discretionary Earnings assumes owner/operator with no employees.

For more information, please contact Roger Civalleri at Business Team.

Property information

Real Estate:

Lease

Leasehold rent:

$1,554 per annum

Size in square feet:

850

Other information

Support & training:

Seller will provide training.

Trading hours:

M-Th 9-6:30pm; F 9-7:30pm; Sat 9-5

Furniture / Fixtures value:

$30,000 (included in the asking price)