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Licensed High volume Check Cashing | Currency Exchange For Sale in FL

Orlando, FL
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Asking Price:$300,000
Gross Revenue:$8,000,000
Established Year:2020
Cash Flow:$101,000
FF&E:$52,000
Listing ID: 2304850Listing provided by BizBuySell
BUSINESS DESCRIPTION

High volume, licensed Check Cashing and Currency Exchange Business for sale. On average, this store cashes around 8M per year at a very attractive % rate. Very loyal clientele and low overhead. Prime location, with excellent access and plenty of parking. Seller is willing to stay on board for a smooth transition and assist with the license upgrade.
Investing in a check cashing business in Orlando, FL, is an attractive opportunity for several reasons. As a global tourism destination, Orlando attracts seasonal workers who may not have traditional banking relationships, increasing the demand for check cashing services. Check cashing businesses provide essential services such as money orders, bill payments, and payday loans. These services are always in demand, regardless of economic conditions. The predictable cash flow from service fees can make the business financially stable.
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DETAILED INFORMATION
Location
Relocatable
Inventory
Not Included in asking price
Employees
1
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The business is operated in a 925sf store located in a plaza just one block away from the busiest tourist corridor of Orlando, International Drive. The business has a very low overhead with a full service lease in place which includes all the utilities.
Competition
Operating a check-cashing business in the International Drive area of Orlando, licensed with a Part III license, presents a unique market and competitive landscape. There's very little competition around and being able to perform currency exchange opens many possibilities to attract clients and expand sales.
Growth & Expansion
The check cashing industry remains relevant by addressing financial gaps left by traditional banks. Its success hinges on adapting to technology, maintaining compliance, and meeting the evolving needs of its diverse customer base. For businesses in areas like Orlando, with its mix of residents, immigrants, and tourists, there is strong potential for growth through targeted services and strategic positioning.
Support & Training
Owner will provide 14 days of training free of charge to the buyer and can assist with licenses.
Reason for Selling
Changing industry
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Danilo
Aquino
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Danilo Aquino
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