Check cashing, Money Transfer, Bill pay and State Lottery for sale
Mansfield, TX
| Asking Price: | $200,000 |
| Gross Revenue: | $196,000 |
| EBITDA: | $21,800 |
| Established Year: | 2008 |
| Cash Flow: | $95,000 |
| Rent: | $4,326/Month |
| FF&E: | $85,551 |
Listing ID: 2278948Listing provided by BizBuySell
BUSINESS DESCRIPTION
Easy to run business 100% Owner absentee
This is an easy-to-run business that is currently operated 100% absentee by the owner. The check-cashing and payday loan business has been established for 16 years and is located in a highly visible, high-traffic area. The business is managed with one full-time and one part-time employee. Services offered include personal and payroll check cashing, payday loans, and additional income streams from Western Union (ranked in the top 5 in the state), ATM, lottery, bill pay, and money orders.
DETAILED INFORMATION
Location
Mansfield, TX
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
2,200
Lease Expiration
01/10/2028
Employees
2
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
This traditional check-cashing and money transfer business is located in Mansfield, in a highly visible, high-traffic area. The store spans 2,200 square feet and is being sold with all furnishings and fixtures, both inside and outside, including all signage.
Competition
Very little direct competition. Mostly, Hispanic grocery stores.
Growth & Expansion
Given the size of the store, there is potential to add complementary services, such as:
Tax preparation services
Shipping and receiving (USPS, FedEx, or UPS)
Convenience store
Support & Training
Seller to provide 2 weeks of full training after the closing date at no cost, and 2 months' phone
support as needed.
Reason for Selling
Owner have health Issue.
BUSINESS LOCATION
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