Business for sale in Canada - Money exchange
| Asking Price: | 125,000 $ CDN |  |
Real Estate: | Lease |
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| Sales Revenue: | 264,000 $ CDN | ||||||||||
| Net Profit: | 125,000 $ CDN | ||||||||||
| Year Established: | 1999 | ||||||||||
| Employees: | 1FT, 1PT | ||||||||||
| # of family members employed: | 1FT | ||||||||||
| Location criteria: |
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Business types:
Retail
Business categories:
Other Retail Trade
Business description
Independent money exchange stroe founded 6 years ago cashes company cheques, sells foreigh exchangs, stamps and royal Canadian Mint coins. The company is located in a strip mall. Approximately 70% of revenue is generated from cashing cheques and the majority of other revenue is derived from the sale of foreign exchange.
Additional information
| Additional information: | Not Disclosed |
|---|---|
| Support & training: | will train new owner |
| Reasons for selling: | Retirement |
| Financing available: | no |
| Inventory / Stock value: | $10,000 |
Real Estate
| Ownership: | no |
|---|---|
| Lease: | yes |
| Lease terms: | 1 year remaining on lease however landlord is willing to renegotiate |
| Location: | west end of Toronto |
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