$2,500,000
Check Cashing
- Status: Sold
- Price: $99,000
Babak “BOB” Shamtoub
- License No:
- DRE #02050054
- Email:
- babak@lbaweb.com
- Office:
- 424-542-1402
- Mobile:
- 424-542-1402
Description
Check Cashing Making $85,000 Net Income!!!
Established 22 years ago, but under current ownership since 2008. The store size is 400Sf. store with $1,650 monthly Rent including NNN, the lease is month to month, but new owner can obtain a new long term lease. Open 7 x days a week 8.00am-8.00pm – Monday – Sat. and Sunday 11.00 am- 4.00pm. The Store cashes $500,000 Checks a month at 3% fee. Seller claims his Gross Annual $180,000 and his Net Income is about $85,000 a year.
The store has Mail Box and generated $2,400 a year extra revenue. There are 2 x employees with $6,000 payroll a month and the only other expense is $100 a month for insurance. Motivated seller please hurry, this listing would not last long!!!
Business Information
Ownership Type:
Corporation
Year Established:
2000
Year Purchased:
2008
Business Type:
Check Cashing
License(s) Required:
Business, Check Cashing permit
Hours of Operation:
8.00am-8.00pm/ 7 days a week
Business Relocatable:
No
Business Is A Franchise:
No
Home Based:
No
Broker To Broker CoOp:
No
Office Listing Number:
6386
Date Available:
08/30/2022
Reason For Sale:
Too Busy with his other businesses
Financial Information
- Annual Total:
- 180,000
- Revenue:
- Annual Net Income:
- 85,000
- Inventory:
- Monthly Payroll:
- 6,000/m
Lease Information
- Base Rent:
- 1,650/m
- Lease Expires:
- Month to Month
- Lease Option:
- NNN:
- Included
Financing Information
- Down Payment:
- Owner Will Carry:
- Other Finance:
- Terms:
Contact Us
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