Check Cashing - Payday Loan Business for Sale

Asking Price$225,000

Cash Flow
$110,308
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$153,837

Inventory$30,000
Not included in asking price
FF&E$500
Included in asking price
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Check Cashing - Payday Loan Business for Sale


Asking Price$225,000

Cash Flow
$110,308
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$153,837

Inventory$30,000
Not included in asking price
FF&E$500
Included in asking price
Business Description
Introducing an exceptional Check-cashing and financial services business in NW-Florida established in 1997 with current owner since 2002. This company provides services common in the check-cashing industry, catering to individuals seeking immediate access to funds from checks including Payroll, Tax-refunds, Insurance drafts and money transfers along with Payday Loans. Owned by a licensed professional with an established location on a main thoroughfare. Note: new operator will be required to have MSB licenses for Check Cashing as well as Payday Loans
Benefits include experienced knowledge of industry, instant market penetration, existing infrastructure, and steady cash flow. 16’ Van Body Billboard Truck with signage included.
Inventory of book of existing outstanding payday loans available for negotiation. The business's established reputation, customer recognition, and local market knowledge further bolster the acquirer's competitive advantage.
Growth opportunities abound, and the groundwork laid by the business paves the way for easy expansion, diversification, and synergy creation.
In essence, this acquisition offers an industry player a comprehensive solution to fortify their position in the Check-cashing / Payday Loan sector, particularly within the NW Florida Panhandle region.
About the Business
Years in Operation
23
Currently Relocatable
Yes
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
900
Rent
Not Disclosed
Lease Expiration
12/31/2026
About the Sale
Seller Motivation
Owner plans to retire
Transition Support
Business owner to provide up to 30 days training support and assistance with obtaining required licensing.
Listing Info
ID
2440711
Listing Views
12

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Business Listed by: Doug Whiting Sunbelt Business Brokers and Business Brokers South

Listing ID: 2440711 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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