Listing #: 138-00025
Category: Retail
  • Listed Price $ 395,000
  • Down Payment $ 197,500
  • Gross Sales $ 553,828
  • Total Income $ 250,141
  • Equipment/Fixtures$ 3,000
  • General Location San Fernando Valley
For more information contact:
Brian Loring
Office: (818) 973-2755
Cell: (818) 451-7455
Office Website

Two Check Cashing Stores

This profitable check cashing firm operates from two store locations in the San Fernando Valley. One is in North Hollywood, the other in Canoga Park. It’s an 8-year old company that grew quickly by providing excellent service and competitive rates to check cashing customers in working class neighborhoods and employment centers. The two stores combine to average more than $3 Million per month in cashed checks. Overhead is comparatively low, which leads to excellent cash flow. The 2016 gross revenues exceeded $550,000, with adjusted net income in excess of $200,000.  Current store locations use less than 1,000 square feet of retail space to operate comfortably and there is no special buildout required. Both stores are currently leased on a month-to-month basis so a new owner has the opportunity to put long-term leases in place and secure substantial profits for years to come. The company makes solid profits with no advertising, no website and no coupons or discounts. There is a relatively high barrier to entry in the check cashing business. The business requires a good deal of startup capital. This opportunity is best suited for an experienced operator who already owns check cashing services or someone with tremendous banking relationships.

Financial Information

  • Gross Sales:$553,828
  • Total Income: $250,141
  • Listed Price:$395,000
  • Down Payment $197,500

Financing: Seller will consider financing an experienced operator

Assets & Lease Information

  • Inventory: $0
  • Leasehold Improvements: $
  • Equipment/ Fixtures: $3,000
  • Base Rent: $0
  • Total Rent: $4,600
  • Rent Deposit: $0
  • Year Established: 2008
  • Square Feet: 1,900
  • Lease Ends: 9/2018
  • Lease Options:
  • Categories: Retail
  • Other Assets:

Additional Information

  • Full-Time Employees:3
  • Part-Time Employees: 2
  • Contract Staff: 0
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  • Training Period: Two Weeks
  • Special License Required: Check Cashing Permit California
  • Reason for Selling: Other Business Interests

First Choice Business Brokers

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.