Business Description

Easy to run business 100% Owner absentee

This is an easy-to-run business that is currently operated 100% absentee by the owner. The check-cashing and payday loan business has been established for 16 years and is located in a highly visible, high-traffic area. The business is managed with one full-time and one part-time employee. Services offered include personal and payroll check cashing, payday loans, and additional income streams from Western Union (ranked in the top 5 in the state), ATM, lottery, bill pay, and money orders.

Asking Price does not include FF&E, inventory, and real estate.

Detailed Information

• Real Estate: Leased
• Building SF: 2,200
• Lease Expiration: 10/1/2028
• Furniture, Fixtures, & Equipment (FF&E): Included in asking price
• Facilities: This traditional check-cashing and money transfer business is located in Mansfield, in a highly visible, high-traffic area. The store spans 2,200 square feet and is being sold with all furnishings and fixtures, both inside and outside, including all signage.
• Competition: Very little direct competition. Mostly, Hispanic grocery stores.
• Growth & Expansion: Given the size of the store, there is potential to add complementary services, such as: Tax preparation services Shipping and receiving (USPS, FedEx, or UPS) Convenience store
• Support & Training: Seller to provide 2 weeks of full training after the closing date at no cost, and 2 months' phone support as needed.
• Reason for Selling: Owner have health Issue.