Urban Wire Transfer and Check Cashing StoreListing: #RL00121
About this business for saleUrban Wire Transfer and Check Cashing Store
Rare opportunity to purchase a profitable, high volume money transfer and check cashing store. Known for their outstanding service and a fixture in this Triangle community for two decades, this store has a great reputation and hundreds of regular customers! This standout business processes on average $17,000,000 in transactions per year.
In addition to this high-volume money transfer business, the space hosts a profitable, yet underutilized, tacoria. The new owner can add to the menu to increase sales.
Gross Revenues in 2016 were $385,000 with Seller’s Discretionary Earnings of $314,000. Current owners have owned the shop for over 20 years and are looking to retire. Great opportunity for an owner operator or as an add-on to a portfolio of wire transfer, check cashing or short order restaurant. Asking price: $600,000.
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.