Business Summary:
These well established locations, in four communities, are each positioned on very high traffic count arteries with easy entry from both directions and have ample parking. All locations—licensed by the State of Idaho’s Department of Finance—cash checks, make payday check loans and send money orders. At any given time there is about $300,000 outstanding in loans. All locations have been in business since 1997. The leased facilities are utilized with one containing about 900 square feet and the other approximately 600 square feet in size. In one case the rent is being paid month-to-month in an amount of $450, which includes the utilities. In the second case, current monthly rent is $1,450 and the lease runs through the end of 2007. In the third case, the location is 200 sf with rent at $225 month to month. In the final case, the store has about 1,400 sf with monthly rent of $1,500 month to month. A trained manager with 10 years of experience is in place who handles the day-to-day operations for the Western Idaho locations. The Seller oversees the stores in Eastern Idaho.
PURCHASERS CAN PURCHASE EITHER THE TWO WESTERN IDAHO STORES OR ALL FOUR STORES.
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