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CG047 -Independent Cheque Cashing & Instant Cash Loans Business

Asking Price: GBP 300000
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Business Location: United Kingdom » Hertfordshire » Hertfordshire 
Category: Services » Finance, Banking, Loans, etc.
Description:
Independent Cheque Cashing & Instant Cash Loans Business
Confidentially offered for sale
Ref No: CG047
Leased Premises
Location: Hertfordshire
Asking price: £300,000

This is a fresh and exciting retailing and financial services concept with a business concept which incorporates a modern and friendly environment offering the following services:

• Pawnbroking & Buyback service
• Buy and sell pre-owned goods
• Buying unwanted gold and jewellery
• Third party cheque cashing facility available
• Pay Day Loans
• Worldwide money transfer
• Bureau de Change

The business model benefits from a range of revenue streams and avoids the seasonal trends often experienced in other industries. For example customers could be seeking a short term loan, to sell an item of value, cash their salary cheque, sell their gold or use the traditional pawnbroking service. The store is a hive of activity where the customers can purchase a range of quality pre-owned goods.
Financial Information:  
Annual gross sales: (GBP) N/A
Yearly Revenue: (GBP)
Total yearly sales revenue
355000
Net Profit: (GBP)
Total profit before taxes
N/A
General Information:  
Business Area: N.A.
Year Established: 2000
Is Relocatable?:
No
Business closed or an asset sale : No
Is Home based business?: No
Real estate status: No
No of trading hours: Monday – Saturday 10.00 am – 5.30 pm
Reasons for selling:
One partner wishes to retire and the other partner now wishes to pursue other areas of interest.
Market competition and expansion:
Some advertising is placed within the local press. The business will undoubtedly benefit however, from the development of a strategic marketing plan, encompassing all media types. A professionally hosted website has been established, which can serve as the start of this new plan.
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