Check Cashing and Tax Prep in DMV

Listing Number: 77441-902440

Listing Details

Check Cashing and Tax Prep in DMV
Price: $400,000
Location: Bethesda, Montgomery County, Maryland
  • Down Payment: $200,000
  • Sales: $350,000
  • Seller's Discretionary Earnings: $200,000
  • Inventory: $0
  • Furniture, Fixtures, and Equipment: $0
  • Rent: $1,850
  • Employees: 3
  • Year Established: 2003
  • Reason for Selling: Retirement / Health

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Business Listed By
Erik Woodworth, CFA (Principal)

Business Description

Personal and business services primarily to the Latino community and to a lesser extent the Arabic community in Washington DC area (DMV) including Northern Virginia (NoVA) and nearby Maryland counties. Offers check cashing for a select list of trusted payers (restaurants, etc.), notary services, tax prep, money transfers and some immigration-related services. Also a general contractor for renovation and construction projects and have purchased, sold and leased several residential properties over the years for additional profits. All required licenses in place. Seller will offer training and support during a transition period. Ideal situation for an owner-operator who speaks Arabic and/or Spanish. Prospective purchasers will need to demonstrate sufficient financial resources before receiving additional information.