Total of 18657 firms and businesses for sale today Friday 29th March 2024
Time to Sell or Time to Buy !

Sold. Cheque Cashing, Cash For Gold, Short Term Cash Buyback Fully Licenced With Cheque Cashing Bank Facil

LISTING DETAILS
Firms For Sale ID:
32823
Vendor reference:
CG075
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£48,500  
Turnover / revenue:
£617,000
Net profit / cashflow:
Undisclosed
Years established:
2
Trading hours:
Monday-Saturday: 9.30-6pm
Number of employees:
1
Employees / staffing:
1 x administration/cashier

OTHER DETAILS
Reason for selling:
The current owner has realised that operating two businesses’ simultaneously is not effective and intends to concentrate on his other business.
Support and training:
The current owner is prepared to stay to ensure a smooth handover.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
Cheque Cashing, Cash for Gold, Short term Cash Buyback Fully Licenced with Cheque Cashing Bank facilities
Ref.CG075
Location Chelmsford, Essex
Asking Price £ 48,500
This business was started in 2011 as an expansion programme, excellent high street location, very high footfall. Primary business is Cheque Cshing which accounts for 60% of the trade, Gold Purchase accounts for 30% of the trade, with the remaining 10% achieved from Pawn Broking.

Very well run business with the benefit of a high end bespoke computer system enabling the cheque cashing business to trade within the strict Money Laundering Act.

Key Strengths:

In this economy this business is enjoying a surge of new custom and the fact this is a privately owned business means it can be more flexible with fees against the competing franchise operations.

Expansion Potential
The current owner employs one member of staff to run and operate the business and would benefit from a fresh marketing campaign to boost its branding.