Cheque Cashing Business For Sales

• BUSINESS FOR SALE
  Cheque Cashing + Tax Discounting
  Downtown Toronto @ Queen/Parliament
  
  Once in a lifetime opportunity. Highly profitable cash cow. Evergreen business established 4-5 years. Mainly Cheque Cashing with large Tax Discounting clientele base. Located right in the ‘Welfare Paradise’.
  
  Note: Contact only when you are ready to place an offer. No General Enquiry (please refer to commercial realty agents and existing franchises eg. Cashmoney.ca, Unicash.com, HRBlock.ca etc. for information).
  
  * Industry Category: Financial Services
  * Core Business: Cheque Cashing
  * Complementary Business: - Tax Rebate, Money Transfer, Bill Payment etc.
  * Highly Profitable: Currently $120K/year net (at least $75K & easily over $100K/year)
  * Steady Turnover: $1.5mil - $2mil/yr
  * Minimal Overhead: Approx $15 - $25K/yr (one employee)
  * Long Established: 4-5 years
  * Business Trend: Evergreen, Recession-proof & Steady all year round.
  * Growth potential: Possible to increase revenue by 2-3 folds by expanding the loan portfolio
  * 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
  * Operation System: Completely customized state-of-art system from retail transaction all the way to management reports (System Demo available to serious enquiries only)
  * Guaranteed Support: Full training & support (term negotiable)
  * Family Business: Existing setup is best for small family to operate
  * Rare Opportunity: Available due to owner relocating
  * Selling Price: Highest Bidder Secured
  
  NB: Present setup not much financeable fixture or equipment. You must be in position to finance purchase entirely in cash. Good credit is mandatory to operate the business.
  
  Email enquiries to [email removed]

  16 Feb 2006, 11:09 Anonymous