Business Description
Looking for a profitable business opportunity?
Consider purchasing this well-established foreign currency exchange business.
With a loyal customer base and a reputation for providing excellent service and competitive rates, this business is a great
investment for anyone interested in the finance industry.
Our prime locations in bustling commercial areas ensure consistent foot traffic and visibility, while its streamlined operations
and efficient processes make for easy management.
The business has a very strong growth opportunity by opening more outlets in all the main Florida cities.
Don't miss out on this chance to own a successful foreign currency exchange business.
Contact me today to learn more.
Detailed Information
Reason for Sale:
Retirement
Hours Owner Works:
10
General Location:
Miami-Dade County
Years Established:
13
Years Owned:
13
Organization Type:
'LLC'
Emp FT:
1
Emp PT:
0
Mgrs:
0
Non Compete:
Miles:
25
Years:
3
Weeks Training:
4
Cost:
0
Operating dys/hrs:
Mo-Fr 10AM to 6PM
Skills/Licenses:
FCE MSB
Skills/Licenses:
Relocatable:
Y
Home Based:
N
Franchise:
N
Lender P/Q:
N
Data Source
Year (Cash Flow)
Gross Revenue
Cost of Goods
Gross Profit
Expenses
Net
Owner Salary
Benefits
Interest Expense
Depreciation
Other
Discretionary Earnings
P/L Statement
2022 (N)
3,317,489
15,842,134
729,238
589,905
139,333
118,534
32,214
10,527
7,195
4,669
312,472
Tax Return
2021 (N)
16,571,372
8,580,635
419,330
85,995
85,995
87,578
22,438
4,651
0
87,578
200,662
Tax Return
2020 (N)
8,999,965
3,151,884
165,605
212,198
-46,593
46,713
22,702
1,710
0
0
24,532
Accounts Rec
Inventory
F F & E
Leasehold
0
200,000
0
0
Lease/Month:
Terms and Options:
Building Type:
3200
TBD
Square Footage:
Expiration Date:
Office Building
800
12/31/2023
Loan/Assumable
Amt:
0
Mos:
0
Rate:
0.00
Mo Pmt:
0.00
Loan/Seller
Amt:
0
Mos:
0
Rate:
0.00
Mo Pmt:
0.00
Loan/Other
Amt:
0
Mos:
0
Rate:
0.00
Mo Pmt:
0.00
Property Location
Miami-Dade, Florida, EE. UU.