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RETAIL FOREIGN CURRENCY EXCHANGE - Business For Sale

Manhattan, New York, United States

Listing: 330 | Ref: Unspecified | Agent: 61
Asking Price: USD $495,000.00
Gross Income: USD $341,000.00
Cash Flow: USD $175,000.00
Fixtures & Fittings: USD $85,000.00
Stock & Inventory: USD $200,000.00
Owner Financing: Yes
Finance Available: NEGOTIABLE
Year Established: 1987
Trading Hours: M-F 9-6 SAT-SUN 10-5, Owner Hours: 40
Employees: Full Time: 2, Managers: 2
Terms of Sale: Share Capital
Buy a RETAIL FOREIGN CURRENCY EXCHANGE business for sale

Business Description

RETAIL FOREIGN CURRENCY EXCHANGE IN TWO LOCATIONS IN MIDTOWN MANHATTAN. Very competitive & profitable Multi-location Foreign Currency Exchange in Business 24 years. All Foreign Currencies Bought & Sold in Prosperous NYC Market. Features include State-of-the-Art Custom Software and Trademarked Logo.Company has been operating Free of any Compliance, Debt and Litigation issues.

IN BUSINESS 24 YEARS

Detailed Information

Expansion Potential: Unlimited

Competition & Market Info: Unlimited Potential and opportunities to expand the Business. Very little Competition . Most Banks do not exchange currency.

Reasons for Sale: RETIREMENT

Support & Training: SELLER WILL COMPLETELY TRAIN

Real Estate Information

Property Type: Leasehold

Lease Terms: 12/31/2020, NEGOTIABLE, 3% ESCALATION

Leasehold Rent: Lease Security $10,800, Monthly Rent $4,275

Premises Details: 2 RETAIL LOCATIONS IN CLASS "A" BUILDINGS IN THE HEART OF ROCKAFELLER CENTER AND GRAND CENTRAL AREAS

Size (Sq m or ft): 650 sq ft

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