Check cashing business for sale in Dallas 001179
Check cashing business for sale in Dallas. This business is long established High-Volume Check-Cashing store that is available for acquisition. This business was established in the area several decades ago, in 1985, and was later acquired by the current owner the business in 2005. Placed in an 850 SF center space of a retail strip center that sits next to a busy intersection surrounded by numerous retail businesses. Most of the customers are long-term customers and blue-collar individuals from the surrounding densely populated residential neighborhoods and construction sites from the adjacent cities. Gross volume is around $22-23 million/year from only check cashing and some lotto without any marketing done for the business. As the operation has been running for decades in the same location, many of the customers are permanently established for this business, and marketing isn't necessary to generate consistent revenue. Additional marketing can be done to grow the business by increasing the visibility of the busy intersection and the types of services this business provides. The owner of the business operates this business on a full-time basis and manages all the books and records for the operation. Streamlining a few of the processes and hiring a trusted individual as an employee will allow the business owner to focus on growing the business. This business will provide an amazing opportunity to acquire a consistent stream of revenue that has gone through decades of proven history and won't see any negative changes to the business soon.
The owner of the business will provide the necessary training needed to transition into the business operating smoothly.
This business is located within an 850 SF retail strip center space near many densely populated residential neighborhoods and next to one of the busiest intersections in the local area.
There are few competitors within the immediate market area, but they can't compete with this business. The operation has been going on for several decades and already has an established presence in the local area.
The potential for growth within this business is huge. Many untapped areas of services are normally provided at check-cashing businesses that this business isn't currently utilizing. The new owner will benefit from consistent revenue and opportunities for growth.
100% down at the time of closing.