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Business for sale in United Kingdom - Cg044-cheque cashing and loans company
| Asking Price: | 90,000 £ |  |
Real Estate: | Lease |
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| Sales Revenue: | 650,000 £ | ||||||||||
| Net Profit: | 1 £ | ||||||||||
| Year Established: | 2002 | ||||||||||
| Employees: | Not Disclosed | ||||||||||
| # of family members employed: | Not Disclosed | ||||||||||
| Location criteria: |
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Business types:
Finance & Insurance
Business categories:
Check Cashing ; Other Finance & Insurance Businesses
Business description
The business was started in 2002 when the present owner purchased the franchise. The company offers a cheque cashing service, a pawn broking facility and also retails new, graded and used goods from its retail outlet. since its inception the business has built up a solid database of clients who use both the cheque cashing and loan facilities. They also operate a service offering an advance against salaries. in total the company has between five and six thousand users. the trading policy is to take into stock anything that can be resold from tv s, household goods and jewellery to car logbooks and recreational items such as bikes and golf clubs. equipment: the director has invested in a computerised stock control system and has an excellent security system. key strengths: excellent location consistent turnover and regular customer base little or no competition opportunity to grow key opportunities: the region is prime for expansion and additional shops in other key local towns would benefit the business
Additional information
| Additional information: | Not Disclosed |
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| Support & training: | There will be a full and professional handover for a period to be agreed as part of the overall sales negotiation. |
| Reasons for selling: | The key director has decided to retire. |
| Financing available: | Not Disclosed |
| Inventory / Stock value: | Not Disclosed |
Real Estate
| Ownership: | no |
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| Lease: | yes |
| Lease terms: | Not Disclosed |
| Location: | The company operates from leasehold highstreet premises that has a reatil show room and trading counter and a stock room to the rear of the premises. There is parking to the rear for three vehicles. The double fronted shop is privately owned. The vendor has a ten year lease of which four years remain. The annual rental is eighteen thousand pounds. |
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