Close

Choose your country

Or view all businesses for sale

Worldwide

Advertisement

Check Cashing And Payday Loan Business For Sale

Florida, US
Asking Price:
$225,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$153,837
Cash Flow:
$110,308

Introducing an exceptional Check-cashing and financial services business in NW-Florida established in 1997 with current owner since 2002. This company provides services common in the check-cashing industry, catering to individuals seeking immediate access to funds from checks including Payroll, Tax-refunds, Insurance drafts and money transfers along with Payday Loans. Owned by a licensed professional with an established location on a main thoroughfare. Note: new operator will be required to have MSB licenses for Check Cashing as well as Payday Loans
Benefits include experienced knowledge of industry, instant market penetration, existing infrastructure, and steady cash flow. 16’ Van Body Billboard Truck with signage included.
Inventory of book of existing outstanding payday loans available for negotiation.
The business's established reputation, customer recognition, and local market knowledge further bolster the acquirer's competitive advantage.
Growth opportunities abound, and the groundwork laid by the business paves the way for easy expansion, diversification, and synergy creation.
In essence, this acquisition offers an industry player a comprehensive solution to fortify their position in the Check-cashing / Payday Loan sector, particularly within the NW Florida Panhandle region.

Real Estate Available: No
Real Estate Included: No
Real Estate Description:
Store front in strip mall

Detailed Information:
Lender Prequalified: No
SBA Prequalified: No
Rent: $1,200.00
Owner worked hours per week: 35

Property Information

Real Estate:

Lease

Size in square feet:
900

Business Operation

Reasons for selling:

Owner plans to retire

Employees:
Full Time: 1
Years established:
28

Other Information

Support & training:

Seller will provide 2 weeks of transitional training

Financing available:

Downpayment Required: $10,000.00

Furniture / Fixtures value:
$2,500 - included in the asking price
Inventory / Stock value:
$6,000 - included in the asking price
Relocatable:
This business can be relocated