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

750

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
Asking price includes:

Turnover circa £617,000 per annum
Gross Profit circa £50,000
Fully Licensed
ATM machine
Bank facility to cash cheques
Business profile:
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.

Facilities:

100% secure shop, incorporating bullet proof glass, High level security system, CCTV, 2 x safes (one combination and one locked) ATM Machine, Money Laundering licence

Growth 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.

Training/Support:

The current owner is prepared to stay to ensure a smooth handover.

Sale Reason:

The current owner has realised that operating two businesses