Cheque Cashing Store For Sale

  • BUSINESS FOR SALE
    Cheque Cashing Store
    Downtown Toronto

    Highly profitable established Cheque Cashing Store with large Tax Rebate clienteles located in downtown Toronto available for immediate takeover (offer ends in 2 weeks time)

    * Industry Category: Financial Services
    * Core Business: Cheque Cashing
    * Complementary Business: - Tax Rebate, Money Transfer, Bill Payment etc.
    * Highly Profitable: Net currently $120K/yr (at least $75K & easily over $100K/year)
    * Steady Turnover: $1.5mil – $2mil/yr (conservative &
    * Minimal Overhead: Approx $20 - $25K/yr (one employee)
    * Long Established: Over 5 years
    * Clientele Base: Approx. 750 regulars
    * Business Trend: Recession-proof. Steady all year round.
    * Premise Lease: Approx. 300sqft. Only $700. Renewal & transferable
    * Financial Records: Verifiable P&L, Balance Sheet for 3 years plus ongoing records
    * Easy Operation: Clean, neat & straightforward
    * Operating hours: 5-days-week. 9am - 6pm
    * Complete System: From retail transaction through management reports (see System Demo)
    * Professional Training: Full training (term negotiable)
    * Guaranteed Support: Full support (term negotiable)
    * Manual & Procedures: Operation manual and procedures available
    * Family Business: Existing setup is best for small family to operate
    * Rare Opportunity: Available due to owner relocating
    * Contractual Commitment: Freehold or franchise
    * Asking Price: $200K (freehold) $150K (franchised)

    NB: Able to finance purchase in cash and good credit is mandatory.

    Email enquiries to [email removed]

    25 Nov 2005, 04:20 Anonymous
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