This is a well-established business that has been serving the community of Morgan Hill for over 20 years offering check cashing services, bill pay and money transfer services.
The business could be expanded by the addition of payday loan advances to further meet the needs of the community. The storefront also has a small area that used to be leased to a tax preparer, presenting an opportunity for additional income.
A prospective owner would need approximately $50,000 in working capital, as well as a Check Casher Permit and a dedicated business bank account.
The business is owner-operated. The owner is eager to retire and will offer support during the transition period. The new proprietor will benefit from his knowledge and experience, ensuring a smooth transition and continued success for the business.
This is an exciting opportunity for a new owner to take over an established business in a thriving community. By offering dedicated check cashing services, bill pay, money transfer services and adding payday loan advances, this business can further meet the financial needs of the community while providing a lucrative business opportunity for its owner.
