Financial Service Payday Loans And Check Cashing
Location Colorado,United States
Asking Price Range < $250K
Gross Revenues $150002
Net Profit / Cash Flow $84129
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1996
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training Negotiable as needed
Reason for Sale Health.
Description PRICE REDUCED!
The business is in a rapidly growing industry providing customers a service for a fee that includes cashing payroll or government checks, offering payday loans, selling Western Union Money Orders and offering wire transfers through Western Union, offering Notary Public services, and bill paying services, etc. This type of business continues to expand due to the increased costs of doing business with banks.
Collectively, Check Cashers process over 180 million checks annually, worth over $60 billion, which generates almost $1.5 billion in revenues.
This type of business continues to expand due to the increased costs of doing business with banks. This is a service that is always in demand and their inventory never spoils. This store also offers phone cards, bill pay, sends Faxes and serves as Notary Public for customers. Since the Owners are out-of-state an experienced Manager is in place to operate the business.
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