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Cash Lending & Check Cashing Services

Client ID:  S-54091 MA Advisor:  Ted Rattenberry
Location:   BC MA Advisor Email:  trattenberry@genequityco.com
Business Category:  Finance, Insurance, Real Estate MA Advisor Telephone:  (604) 669-2849

Asking Price:  $000,000 Year Business Started:  0
Revenue:  $4,800,000 Year Established:   
Ebitda:  $1,000,000 Employees:  0
Cash Flow:    Relocatable:  NO
Seller Financing: Terms considered Real Estate Status:  Leased
Feature1:  12-Location Retail Financial Centers Throughout Western CanaRegulatory Friendly Market with Some of the Highest Allowable Interest Rates in North America
Feature2:  Regulatory Friendly Market with Some of the Highest Allowable Interest Rates in North America
Feature3:  50 Full-Time Employees with a Strong Management Team in Place

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Business Summary

The Company has been providing customers with a quick and effective solution to their short-term financial needs for over 10 years. As a dominant player in the Western Canadian marketplace, the Company offers short-term loans, check cashing, money transfers, prepaid debit and phone cards, tax preparation, bill pay, and Western Union services. Unlike the US market, there is no political movement to curb the well accepted payday loan market in Canada. Considered by Canadians as a legitimate financial service, the Company’s region enjoys some of the highest allowable rates in North America. With 12 locations, the Company is poised to easily expand its operation to new geographic centers.

 

Management Transition

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Market Outlook