Tobacco and Money Services Business Fairfax County, VA
Listing Number: 9525-903860
Listing Details
- Down Payment: $620,000
- Sales: $1,037,033
- Seller's Discretionary Earnings: $225,898
- Inventory: $120,000
- Furniture, Fixtures, and Equipment: $13,000
- Rent: $5,300
- Employees:
- Year Established:
- Reason for Selling: retirement
Business Description
In 2002 the Company began operations as a retail cigar and tobacco business, and has built a loyal customer base and a reputation for quality and service. In 2004, the owners strategically diversified by adding Money Service Business (MSB) operations, transforming the Company into a dual-revenue enterprise that has now operated continuously for over two decades.
The MSB division provides a suite of essential, non-bank financial services, including money transmission, check cashing, and money order sales. The business is an important community asset and fills a critical need for individuals and businesses in communities that are often un-banked, positioning the Company as a vital access point for financial inclusion in its market. The business closely adheres to regulations regarding anti-money laundering (AML) and counterterrorist financing statutes, reflecting an established and compliant operating infrastructure that represents significant value to a prospective buyer.
The combination of a long-standing retail tobacco operation and a recurring revenue financial services division gives the Company a diversified income base, entrenched community relationships, and a proven, resilient business model spanning nearly a quarter century.