2 Profitable & Growing Payday Loan / Check Cashing
Location California,United States
Asking Price Range $500K - $1.0M
Gross Revenues $615000
Net Profit / Cash Flow $125000
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 2006
Number of Employees 6 - 9
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training 2 weeks by owner and 2 weeks by franchisor. Ongoing support through franchisor.
Reason for Sale Purchasing another business.
Description 2 very profitable and thriving retail franchised financial service centers for sale located in North Orange County with over $135,000 combined payday loan inventory. Locations are located within 5 miles of each other and facilitate easy management and resource sharing. 3 year old stores are experiencing consistent rapid growth. Experienced personnel and detailed procedural documentation in place.
Facilities: Both locations approximately 1,800 square feet each with a state of the art secure teller area for a total possible of 4 tellers. Excellent long-term leases standard CPI increases. Both locations located in busy retail shopping centers with Class A major retail tenants.
Growth/Expansion: Jan to Aug 2008 revenues are up 22.8% over prior 8 months. Growth curve shows consistent straight line trend of increasing growth with no signs of slowing down or leveling off.
Support/Training: Owner will train for 2 weeks and franchisor will train for 2 weeks and provide ongoing support.
Reason Selling: Purchasing another business.
Please email or call Calvin Yu at 949-228-0875.
Click Here To Contact Seller
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