Successful Check Cashing Business $449,000








Attn: Augusto Zuniga
Frederick, Maryland
Listing Number: 997






Asking Price: 349000
Industry: Successful Check Cashing Business $449,000
Reason for Selling: Other Interest
Year Established: 2003
# of Employees: 4
Yearly Revenues: 1.200,000
Yearly Net Profit: 200,000



Overview:
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




Additional Details:
  • 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.