Check Cashing and Payday Loan business in NW FL Panhandle
Financial Service Businesses for Sale
- Primary Category: Check Cashing Businesses for Sale
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.
Financial Information
- $250,000 Asking Price
- $110,308 Cash Flow
- $153,837 Gross Revenue
- $10,000 Down Payment
Business Location
- City: Confidential
- State: Florida
Reason for Sale
- Owner plans to retire
Detailed information
- Year Established: 1997
- Home Based: No
- Franchise: No
- Relocatable: Yes
- Lender Prequalified: No
- SBA Prequalified: No
- Full-Time Employees: 1
- Part-Time Employees: N/A
- Contractors: N/A
- Owner Worked Hours/w: 35
- Inventory Included: Yes
- Inventory Value: $6,000
- Monthly Rent: $1,200
- Real Estate Available: No
- Real Estate Included: No
- Real Estate Value: $0
- Building Size: 900
- FF&E Included?: Yes
- FF&E Value: $2,500
Training/Support
- Seller will provide 2 weeks of transitional training
Real Estate Description
- Store front in strip mall
Business Listed by
Doug Whiting
Sunbelt of MobileContact Business Broker
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