Check Cashing Business

Wayne County, MI

Seller Financing Available

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Asking Price:$360,000
Gross Revenue:$3,000,000
Established Year:2010
Cash Flow:$100,000
Rent:$750/Month
BUSINESS DESCRIPTION

This is a great opportunity to own a successful, profitable Check Cashing/Maxi Transfer business in Wayne County. Established since 2010, this high volume, lucrative business is located in a neighborhood discount store with steady client traffic coming through normal business hours. This easy-to-run business is currently being operated and managed by two part-time employees. Very loyal clientele with low overhead! Current services include Check Cashing, Maxi Transfers, Print Services, Bill Payment, Money Order, E-Pay and more. Current owner does not advertise…a new owner/operator with some creative advertising/marketing along with adding Translation Services, Western Union, ATM and Payday Loan, you have HUGE potential. A must see/must have business that will not last long. Seller will train and entertain all reasonable offers. Don’t miss out on this great business! Call Armen Nazarian Business Brokers


DETAILED INFORMATION
Location
Wayne County, MI
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
200
Employees
2
Facilities
This easy-to-run business is currently being operated and managed by two part-time employees. Very loyal clientele with low overhead! Current services include Check Cashing, Maxi Transfers, Print Services, Bill Payment, Money Order, E-Pay and more.
Growth & Expansion
Current owner does not advertise…a new owner/operator with some creative advertising/marketing along with adding Translation Services, Western Union, ATM and Payday Loan, you have HUGE potential.
Financing
$360,000 with $300,000 down. 7% int., amortized over 24 months
Support & Training
Seller will Train
Reason for Selling
Downsizing
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Armen Nazarian