Listing Number: 3112021-818614
Description
This is an outstanding opportunity to own a thriving, absentee-owned business specializing in Financial Services, Mobile Phone, and Wireless Service Retail, located in Winchester, Virginia. Established in 2007, the business began as a check cashing and wire transfer service and has evolved to offer a wide range of financial services. It also expanded to include mobile phone and wireless internet subscriptions through AT&T and Boost Mobile, driving consistent growth and diversification.
The fully remodeled storefront spans approximately 1,400 sq ft and is strategically located in a strip shopping center that serves a predominantly blue-collar neighborhood—a loyal and growing customer base in the Winchester area, which has seen significant population growth in recent years.
Under the leadership of the current owner, the business has undergone a transformative modernization, making it a highly efficient and scalable operation. A complete overhaul of IT infrastructure and hardware, along with enhancements to proprietary software, has streamlined operations and positioned the business to operate entirely as an absentee-owned venture. These upgrades ensure smooth daily management and offer maximum flexibility for the new owner.
The current owner will be moving out of the country later this year but can provide training and transition services to ensure a smooth turnover. He will also assist in facilitating transfer of his current SBA 7a loan through the current lender! Some seller financing is available for the right buyer.
Listing Details
- Price: DH 480,000
- Down Payment: DH400,000
- Sellers Discretionary Earnings: DH 200,000
- Total Sales: DH 638,000
- Location: Winchester City, Virginia
- Inventory: DH 50,000
- FF&E: DH 80,000
- Employees:
- Year Established: 2009
- Reason for Selling: International job assignment
- Category: Communications
