Profile: Profitable Check Cashing And Payroll Advance.
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Ad/Listing Information
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Contact Information |
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| Seller Or Contact: |
Sam Choi, Agent
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| Primary Phone: |
916-533-3633 |
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| Alternate Phone: |
916-248-8627 |
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| DRE Number: |
01225995 |
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| Email Address: |
Email This Advertiser |
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| Date Started: |
10/14/09 |
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| Date Last Revised: |
10/14/09 |
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| BizBen Ad #: |
144604 |
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| Financial Information |
Detailed Information |
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| Asking Price: |
$139,000 |
| Down Payment: |
$139,000 |
| Annual Revenue: |
$106,236 |
| Annual Adjusted Net: |
$71,145 |
| Price Range: |
$100,001 to $250,000 |
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| Franchise: |
No |
| Relocatable: |
No |
| Home Based: |
No |
| Real Estate Included: |
No |
| Bkr To Bkr Coop: |
Call |
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Description:
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This Check Cashing Business Has Been Generating Steady Income Since Its Inception In 2003. It Is Located On A Busy Thoroughfare In The Sacramento Area. The Lease Rate Is Very Favorable @1.39 Per Sq. Ft. Currently And Is Remaining 4 More Years Plus 5-Year Options. In The First Quarter Of This Year, The Company Has Netted Over 20,000 Net Income That Translates To 80,000 Estimated Annualized Net Profit Again For This Year.
There Is Room For Possible Expansions By Adding Mail Box Services, Lotto, Notary,atm, And Some Vending Machines, Etc. The Adjacent 8 Acre Property Is Under A Development Plan To Be Built For A 166 Unit Senior Citizens Apartment (3-2 To 4 Story Buildings), Starting In March 2010 , The Next Year Which Would Bring More Traffics For Further Growth.
This Is A Great Investment Opportunity And Is Simple To Operate Without Worrying About Shop Lifting, Heavy Lifting Or Inventory Spoilages/Depletions, Etc. By The Way This Is 6-Day Operation. Due To The Owner’s Plans To Move Out Of Country, All That Is For 139,000.
For Further Details, Contact Sam Choi @916-533-3633.
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For More Info Call: (Please Mention You Saw This Ad On BizBen):
Sam Choi, Agent at 916-533-3633 or 916-248-8627 Non Disclosure Agreement |
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