Miami-Dade
-High Volume Check Cashing business with Strong profits.
Reason For Sale:Exiting Industry-High Volume Check Cashing business with Strong profits. 2 locations check cashing business in Miami with over $72 million in checks cashed at an avg fee of 2.2 % in 2014. 2015 #'s thru May 13 $28,734,536 in checks cashed with $632k in gross profit. Seller cashes Corporate ,insurance, payroll + onsite check cashing. Western Union approved dealer. All buyers must be experienced in the industry and have proof of liquid funds to make this acquisition. Seller will allow an onsite observation once under a signed LOI. Working capital requirements $1 million.
Broker Russell Cohen DRE License #SL679527
Lease
Financials
Operations
Facilities
Highlights
- High Volume Check Cashing business with Strong profits
Financing
Demographics
| Population | 1-mi. | 3-mi. | 5-mi |
|---|---|---|---|
| 2014 Total Population | 34,322 | 166,711 | 389,704 |
| Households | 1-mi. | 3-mi. | 5-mi |
| 2010 Number Of Households | 13,986 | 65,776 | 146,045 |
| 2010 Persons Per Household | 2.27 | 2.42 | 2.45 |
| Median House Value | $419,800 | $335,720 | $306,205 |
| Income Per Household | $55,134 | $47,746 | $47,454 |
| Businesses | 1-mi. | 3-mi. | 5-mi |
| 2009 Number Of Businesses | 1,469 | 8,224 | 17,554 |
| 2012 Number Of Employees | 25,690 | 142,702 | 373,152 |
| 2012 Total Annual Payroll | $684,808,000 | $4,022,433,000 | $4,294,967,295 |
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Disclaimer
DISCLAIMER: The User (that's you reading this) of this Website understands that South Florida Business Broker Russell Cohen ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it in addition to seeking professional advice from an attorney as well as a CPA. In some cases, foreward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business. Owning a business is a risky venture, but can also be a rewarding one. The User of this website is solely responsible to examine and investigate the Business and or real estate (if included in the sale), its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. In most cases, the Broker represents the Seller who is our principal, but the Broker owes the User a duty of fair and honest dealings. Any decision by User to purchase the Business shall be based solely on User's own investigation and the User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User and User should often review the listing on the website to keep up to date.