Mobile: 251-626-4949
Annual Cash Flow $110,308
Annual Revenue $153,837
Ref ID:
Real Estate: $0
Established: 1997 Current Owner 2002
Business Description
Introducing an exceptional Check cashing and financial services business in NW Florida established in 1997 with current owner since 2002. This company provides services common in the check cashing industry, catering to individuals seeking immediate access to funds from checks including Payroll, Tax refunds, Insurance drafts and money transfers along with Payday Loans. Owned by a licensed professional with an established location on a main thoroughfare. Note: new operator will be required to have MSB licenses for Check Cashing as well as Payday Loans
Benefits include experienced knowledge of industry, instant market penetration, existing infrastructure, and steady cash flow. 16’ Van Body Billboard Truck with signage included.
Inventory of book of existing outstanding payday loans available for negotiation.
The business's established reputation, customer recognition, and local market knowledge further bolster the acquirer's competitive advantage.
Growth opportunities abound, and the groundwork laid by the business paves the way for easy expansion, diversification, and synergy creation.
In essence, this acquisition offers an industry player a comprehensive solution to fortify their position in the Check cashing / Payday Loan sector, particularly within the NW Florida Panhandle region.
Detailed Information
State:Florida
Listing Agent:Doug Whiting
Inventory: Included in asking price
Real Estate: Lease transfer available
Building SF: 900
Employees: 1
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
City:Gulf Coast
Phone:(850) 943-2207
Support & Training: Seller will provide 2 weeks of transitional training
Reason for Selling: Owner plans to retire
Lease Expiration: 12 months
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