CURRENCY EXCHANGE – HIGH NET – 8 YRS IN BIZ

Price: $578,000

Location: Alameda County, CA

Industry: Other Financial Services

Listing ID: 01985411JH

Listing Status: Reduced Price

Description

Listing ID - 01985411JH

This is a well-established currency exchange business specializing in purchasing and selling foreign currency to US residents and tourists alike.

The business offers currency exchange services for various global currencies, including but not limited to the Euro, Mexican Peso, and British Pound, as well as exchange services for 83 currencies worldwide.

What sets this business apart is its extensive inventory of foreign currencies, ensuring that customers can easily buy or sell foreign money on the spot.

Furthermore, the business can accommodate special requests for specific currency denominations, with quick turnaround times for the next business day. As such, it has established itself as a reliable one-stop shop for all foreign currency needs.

This simple and seasoned business is ideal for all types of buyers and sellers, and the owner is willing to provide full training to ensure a smooth transition.

Don't miss out on this fantastic opportunity to acquire a thriving currency exchange business with excellent growth potential.

LISTING DETAILS

Down Payment: $578,000

Total Sales: $1,900,000

Cash Flow: $240,000

EBIT: N/A

EBITDA: N/A

Accounts Receivable: N/A

FFE: $20,000

FFE Included: Yes

Inventory: $10,000

Inventory Included: No

Operation

Year Established: 2015

Days & Hours of Operation: 7 Days (10am to 5pm)

Owner Hours Per Week: Full Time

Non-Owner Payroll: N/A

Absentee Owner: No

Lease Option: 5 Years Option

Location

Real Estate: N/A

Monthly Rent: $2,300

Type of Location: Strip Center

Square Footage: 800

Summary

Reason For Sale:

Retire

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LISTING OWNER