Check Cashing Store – Money Gram and Other Services

Listing ID - 01985297WL

This business provides check cashing, Money Gram, and other services.

The current owner has operated for the last 25 years.

*** The new owner must own a check-cashing business currently to be qualified to take over the check-cashing business bank account.

Revenue break-down: 70 % from check-cashing, 20% from MoneyGram, 10% from other services.

Check-cashing fee charged: 1.5%

Down Payment: $300,000

Total Sales: $325,000

Cash Flow: $160,000

EBIT: N/A

EBITDA: N/A

Accounts Receivable: N/A

FFE: N/A

Inventory: N/A

Year Established: 1998

Days & Hours of Operation: 7 Days (Mon & Fri: 8am to 8pm) / (Tue / Wed / Thur: 8am to 7pm) / (Sat & Sun: 9am to 6pm)

Owner Hours Per Week: Absentee

Non-Owner Payroll: N/A

Employees: 3

Absentee Owner: Yes

Lease Option: Incl. NNN, 5 Years Option

Real Estate: N/A

Monthly Rent: $3,439

Square Footage: 1000

Reason For Sale:

Retire