Established Check Cashing Business for Sale

Featured on BusinessForSale.com . 16 viewed

Asking Price

$2,200,000

FOR SALE - ACTIVE

Detailed Information

Location

Colorado, US

Reason for selling

Not Provided

Real Estate

NA

QUICK STATS

BUYER ANALYSIS

Down Payment

% down

Payback Period

months

Annual Debt Service

% interest, year term

Cash Flow After Debt Service

Debt Service Coverage

x

COMPANY FINANCIALS

Cash flow

(% CF Margin)

Revenue

Furniture, Fixture &
Equipment

Inventory

Show more info

Business Description

This check cashing business is a well-established and respected service provider in a prime location, attracting a loyal customer base through quality service and word-of-mouth referrals. The current owner is willing to train the new owner and the location has potential for growth by offering additional services or products. The customer base is mainly locals who value quick and reliable access to their pay. The new owner of this business will need to be actively involved in the shop's management or hire staff under supervision. Acquiring this business will require the buyer to secure Money Services Business (MSB) financing and banking in order to have enough working capital for operations and potential expansion. Overall, this business presents a solid opportunity for a buyer looking to enter the check cashing industry with an established and profitable business model.

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