GlobalBX
GlobalBX Lite Edition Search 1000s of Businesses For Sale.  
Buy a Business, Sell a Business, and find a Business Broker here.  

Welcome to the GlobalBX Directory. This is a small sample of our Los Angeles listings from our 46,138 businesses for sale. If you are looking to buy a business or sell a business, we can help you. GlobalBX is a free business for sale listing exchange that provides a confidential forum to facilitate the buying and selling of businesses with thousands of businesses and franchises for sale as well as comprehensive business information for business buyers and business sellers. Buy a business, sell a business, research a franchise opportunity, or find a business broker. Click Here to access our full site.

Sell Your Business - Free Listing! Get Business, Equipment and Commercial Real Estate Financing Sell Your Business or Real Estate Note


Businesses For Sale   >>   Los Angeles Businesses For Sale   

Downtown La Check Cashing Business

Location  Los Angeles, California, United States
Asking Price Range  < $250K
Gross Revenues  $132000
Net Profit / Cash Flow  $82880
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  2007
Number of Employees  1 - 3
Inventory  10000
Relocatable  No
Number of Employees  1 - 3
Real Estate  Leased
Training  2 weeks at 20 hours/week
Reason for Sale  Personal

Description  
This remarkably straightforward and relatively easy to run checking cashing business is located in a high traffic Downtown Los Angeles Area shopping center with a high density employer in an adjacent location. The well established neighborhood incumbent primarily assists a Spanish and English speaking client base, but foreign language skills are not deemed to be essential for ownership. The business has plenty of parking and excellent freeway access. The store offers its clients payday loans, which comprise 90% of its business, as well as check cashing, Western Union etc. Asking Price $180,000 This 900 square foot location leases for $1,700 per month on a lease until 2019 with one five year option. The businesses assets include everything necessary to run a payday loan and check cashing business including an onsite safe, printers, and basic office equipment. Payday loans require a license for payday advances from the Department Corporations, and a check cashing license with the Department of Justice. They also need a $200 per year bond to be established for an owner with a clean criminal record. While there may be bank requirements for working capital, the current owner is able to maintain the account with $2,000 to $4,000 on deposit, with an additional $3,000 - $4,000 in the store for a total of $5,000 to $8,000. Competition exists as these services are popular in this area. The neighboring competitors, however, have been established for years and the marketplace is deemed to be mature, with enough business for all. Given that this business is considered to be in a premium location, it benefits from its ease of access and complementary neighboring employers and stellar freeway access. New owners may seek to engage in auto title loans (self-funded with a lenders license, or via a 3rd party form) or gold purchasing (also sales via a third party). The company recently added mailbox services with 25 boxes, which a new owner may wish to promote.


Click Here To Contact Seller


For more opportunities like this go to:
Albuquerque Businesses For Sale
Asheville Businesses For Sale
Atlanta Businesses For Sale
Austin Businesses For Sale
Baltimore Businesses For Sale
Baton Rouge Businesses For Sale
Beverly Hills Businesses For Sale
Birmingham Businesses For Sale
Bronx Businesses For Sale
Brooklyn Businesses For Sale
Burlington County Businesses For Sale
Camdenton Businesses For Sale
Chicago Businesses For Sale
Cincinnati Businesses For Sale
Cleveland Businesses For Sale
Colorado Springs Businesses For Sale
Columbia Businesses For Sale
Dallas Businesses For Sale
Denver Businesses For Sale
Des Moines Businesses For Sale
Los Angeles Businesses For Sale
Advertising and Marketing Businesses for Sale
Architecture and Interior Design Businesses for Sale
Commercial Cleaning Businesses for Sale
Construction Businesses for Sale
Equipment Rental and Leasing Businesses for Sale
Financial Businesses for Sale
Graphic Design Businesses for Sale
House and Garden Maintenance Businesses for Sale
Laundry Businesses for Sale
Locksmiths Businesses for Sale
Other Services Businesses for Sale
Pet Care Businesses for Sale
Postal and Messenger Services Businesses for Sale
Printing Service Businesses for Sale
Security and Protection Services Businesses for Sale
Staffing Businesses for Sale
Towing Businesses for Sale
Transportation - Airplane, Taxi, and Limousine Businesses for Sale
Waste Services Businesses for Sale
Other California Businesses for Sale
Search Businesses For Sale

Get Free Information on all of the Top Franchises

Get a Business Loan, Find Commercial Lenders

NEWSLETTER

Sign up for Free Industry-Related News on Business and Franchise Opportunities



Get Free Franchise Information!






© 2001-15 GlobalBX. All rights reserved.