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Successful Check Cashing Business $449,000 |
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Company: |
Location: Frederick, Maryland |
Contact: Augusto Zuniga
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Asking Price: |
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$349,000.00
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Industry: |
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Retail-General |
Reason for Selling: |
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Other Interest |
Year Established: |
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2003 |
# of Employees: |
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4 |
Yearly Revenues: |
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1.200,000 |
Yearly Net Profit: |
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200,000 |
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Overview:
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AP $449,000 Solid opportunity to purchase
this profitable
check cashing franchise
company. The Federal Deposit Insurance
Corporation (FDIC) has
indicated that 10% of all households use a
check cashing center to
meet their financial service needs. The needs
of consumers who often
choose not to use banks are both basic and
easy to identify. Consumers
share four basic needs: 1) immediate
liquidity for paper checks
(paycheck, benefits check, etc.); (2) the
ability to pay bills, rent,
etc., often at the last minute to avoid
additional fees; (3) the
ability to send money to relatives in other
states and/or countries,
(4) the ability to convert cash into digital
currency and a host of
other valuable services.Rent $3000
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Additional Details:
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- The property
is
leased.
- The owner
is
willing to train/assist the new owner.
- The owner
is not
willing to work for the new owner.
- This
is not
a homebased business opportunity.
- This
is not
a franchise opportunity.
- This
is not
a distressed business or bankruptcy situation.
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