Reason for Selling:

Owners wish to pursue other business opportunities

Overview of the Business:

This company was started in 2001 by three partners with initially one cash advance payday loan store. The company has grown quickly into a chain, now including six stores in the state of Missouri. Currently the company offers loans from $100 to $500 for a 14 to 19 day period with an interest rate of 17%, as well as check cashing services for a fee. While the company has ads in local yellow pages listings for each store, marketing activity has otherwise been done at a minimum level using in store marketing and post card mailings. Since the check cashing services have not been advertised, this is an area with much potential for increased growth and revenues. New ownership with more focus and an infusion of capital could expand financial services offered, such as Western Union services, tax preparation services, and title loan services, leaving much room for future growth. This is a great business ready for new ownership to take it to that next level.

Additional Details: