Check Cashing - $160K Net
Location Maryland,United States
Asking Price Range $250K - $500K
Gross Revenues $19000000
Net Profit / Cash Flow $160000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1992
Number of Employees 4 - 5
Relocatable Not Disclosed
Number of Employees 4 - 5
Real Estate Leased
Description Check Cashing: Very established check cashing & Western Union business in a busy shopping center. 10 years at same location, current owner 3 years. 80% repeat customers from immediate area. Police sub station in shopping center.
Metro station across the street. 3 teller windows. Next to 3 Banks makes getting cash easy. Good shopping center with security presence.
Building Size: 500 Sq.Ft.
Lease: $1,600.
Utilities: $200.
Store Hours: Mon- Sat, 10:00am-8:00pm.
Equipment: Office equipment, safe, security system, and computers.
Entity: Sole Proprietor.
Gross Annual Sales: $19,000,000 (9Mil, Check Cashing, 10Mil, Western Union).
Owner's Net: $160,000.
Number of Employees: 2 (2PTE, 2 owners).
Monthly Payroll (Average): $800.
License(s) Required: Business.
Parking: Ample.
Price: $450,000.
Contact for more information on this Check Cashing business for sale.
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