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Check Cashing

  • Status: Available
  • Price: $199,900

Babak “BOB” Shamtoub

License No:
DRE #02050054
Email:
babak@lbaweb.com
Office:
424-542-1402
Mobile:
424-542-1402
  • Listing No: 6386
  • Status: Available
  • Area: Los Angeles
  • Price: $199,900

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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