Profile: Very Profitable Check Cashing, Payday Advance In Panorama City.
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Ad/Listing Information
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Contact Information |
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| Seller Or Contact: |
Isaac Bensussen, Agent
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| Primary Phone: |
619-392-4344 |
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| Alternate Phone: |
None Given |
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| DRE Number: |
None Given |
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| Email Address: |
Email This Advertiser |
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| Date Started: |
10/30/09 |
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| Date Last Revised: |
11/12/09 |
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| BizBen Ad #: |
150034 |
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| Financial Information |
Detailed Information |
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| Asking Price: |
$250,000 |
| Down Payment: |
Call/Email |
| Annual Revenue: |
$216,000 |
| Annual Adjusted Net: |
$100,000 |
| Price Range: |
$100,001 to $250,000 |
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| Franchise: |
Yes |
| Relocatable: |
No |
| Home Based: |
No |
| Real Estate Included: |
No |
| Bkr To Bkr Coop: |
Yes |
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Description:
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Well Known Business With Great Reputation Established In The Same Location For 10 Years And Caringly Attended By The Owner. Very Loyal Clientele. Franchised Operation Focusing On Check Cashing, Payday Advance Loans, Sale Of Money Orders, Wire Transfers And Bill Payment. Located In A Very Safe Area Of Panorama City In The San Fernando Valley Area. "Cash Plus" The Franchisor Is Very Active And Accessible, Always Helping And Innovating To Increase Business Operations And Profitability To Their 65 Plus Franchisees All Over The USA. "Cash Plus" Panorama City Has Been Successful From The Beginning. With the owner working full time and no employees, business nets in excess of 100,000 per year. Nevertheless, the store can be operated with the owner working and one part time employee 20 hours per week) and the business will net 85,000 Plus per year. Finally, with one owner working 3 or 4 hours per day and a full time employee, business will net in excess of 72,000 per year. Ideal Business With No Inventories To Liquidate At The End Of The Year Or Spoiled Food At The End Of The Day. Price Does Not Include Approximately 50,000 Payday Advance Receivables. Additional Capital Needed To Operate The Business, Approximately 50,000. Please Qualified Buyers Only. Buyer's Financials Needed Before Appointment To Show.
1412 Sq.Ft. Store In Panorama City. Panorama City Store Is Located In A Huge Shopping Center With Home Depot, Home Town Buffet, Ross, AMC Theathers Among Other Tenants. Ample Parking. Included In The Purchase Price Are Computers, Printers, Fax Machine, Copier, Desk, Filing Cabinets And Fixtures. Store Is Open From Mondays Through Thursdays From 10am To 7pm. Fridays From 9am To 7pm. Saturdays From 9am To 5pm. Closed On Sundays.
Tremendous Growth Potential With Many Stores, Banks, Employment Agencies And Apartment Projects Around That Are Source Of Additional Income. Also, because of the very large store, part of the lobby has been rented in the past for 1,000 per month to Tax Preparer, Insurance Agent, etc. that add 12,000 to the Yearly Income. Income Tax Return Filings, Cell Phone Sales, Notary Public Services Could Be Explored.
Franchisor Will Train For One Week. Owner Will Train For 3 Weeks.
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For More Info Call: (Please Mention You Saw This Ad On BizBen):
Isaac Bensussen, Agent at 619-392-4344 |
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