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Advert Ref: nm253

Check Cashing Stores Non Franchise Fantastic Cash Flow For Sale

Details: Asking price:$3,390,000; Sales revenue:$1,800,000; Net profit:$1,111,000; Fixtures value:$900,000; Inventory value:Undisclosed

Business description: If you are looking for a rock solid recession proof business, you just found it! The seller is offering 7 prime, non franchise check stores, all over 15 years in the same location. (Note: The franchise stores are required to pay stiff franchise fees and royalties. They also restrict the services you can offer.) It is near impossible to get zoning to open a new check cashing store. These stores offer services not allowed in new store. (jewelry sales, prepackaged foods, pawn, buying and selling metals). All locations have brand new security and surveillance equipment. The latest technology is in place, as well as employee training and performance and safety. For investors and private equity groups, the seller is willing to perform a full service management program. All you have to do is collect the profits. If you have the money and this opportunity appeals to you, please contact me ASAP, Neil Meislin 315 732-1439.

General information: Years established:1992; Employees: 15; Real Estate: Lease; Location:The 7 stores are will positioned in prime locations in very busy neighborhoods. All stores are fully equipped with the high technology equipment needed to run an efficient operation. All stores have brand new signs,and state of the art check cashing equipment.; Expansion potential:You can grow the business with additional services and adding locations.; Competition / Market:There are other stores, but this stores have a well established customer base.; Support & training:Full support and training will be provided. The seller is also willing to provide complete turn key management and services for an absentee buyer.; Reasons for selling:New Opportunity