Profitable Cash Advance and Financial Services Outlet
$249,900.00 (Cdn)
Business Location: New Brunswick Postal Code: E2J Relocatable: No
Business Categories:
Financial Services & Investing Customer Service
BUSINESS FEATURES
Full turnkey operation located in a major Atlantic Canada city. The store is situated in the main commercial area of the city with a very attractive gross lease and option. The attractive storefront operation has been open for 4 years and serves a regular clientele of about 500 families. Store hours are the same as major charter banks. Services include cash advances, cheque cashing, mortgages, tax services and a gold purchase program. The store employs a full time manager and loans officer and one part time loans officer.
FINANCIAL INFORMATION
Annual sales are approximately $1,200,000 with gross profit of approximately $300,000. Financial statements are available for review after a confidentiality agreement has been executed by the interested party(s). Financing with favorable terms may be available to qualified buyers with a 25% to 40% downpayment.
MARKET & COMPETITION
This region is a rapidly re-developing area of Atlantic Canada and is home to major resource based companies. Although there are at time of writing six competitors in our service area none appear to be aggressivly marketing their operations to the extent that we are. In addition, none offer the full range of financial and other services that we do. We believe that we are a leader in the provision of services to the 'discount' segment of the financial services sector.
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