Business Summary:
This check cashing/payroll advance business has been generating steady income since its inception in 2003. It is located on a busy thoroughfare in the Sacramento area. The lease rate is very favorable @1.39 per sq. ft. currently and is remaining 4 more years plus 5-year options. In the first quarter of this year, the company has netted over $20,000 net income that translates to $80,000 estimated annualized net profit again for this year.
There is room for possible expansions by adding mail box services, notary, ATM machine, and some vending machines, etc. The adjacent 8 acre property is under a development plan to be built for a 166 unit senior citizens apartment (3-2 to 4 story buildings), starting in March 2010 , the next year.
This is a great investment opportunity and is simple to operate without worrying about shop lifting, heavy lifting or inventory spoilages/depletions, etc. By the way this is 6-day operation. Due to the owner’s plans to move out of country, all that is for $139,000.
For further information,
Please contact:
Sam Choi: @ 916-533-3633 or e-mail to siamchoi@sbcglobal.net
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