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Would this be considered fastlane?

Discussion in 'Ideas, Needs, Concept Feedback' started by andrelunn, Mar 8, 2019.

  1. andrelunn
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    andrelunn PARKED Read Millionaire Fastlane

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    A check cashing store is for sale for 55k. You work it from 10am- 6pm M-F and 10am-5pm Sat. Off Sun. The net profit...100k. You could hire someone but are you really going to trust someone with your money? Need your feedback. What you think?

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  2. RazorCut
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    RazorCut Platinum Contributor Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

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    I would consider it a shrinking marketplace. Where will it be in 2 years? What lease will you have to take over?

    I got out of two businesses while they still retained value, neither business is currently operating.

    I would say be careful. In the UK to there is talk of trying to protect the availability of coins and notes for a guaranteed number of years as they are quickly becoming outdated in favour of cards/digital payments.
     
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  3. cy-
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    cy- Bronze Contributor Read Millionaire Fastlane FASTLANE INSIDER Speedway Pass

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    Checks?

    As far as I know here in Denmark, you cannot pay with checks anymore as it is not a valid payment method here anymore.

    Though checks can be cashed in for X amounts of years I believe, but then they are done for good here.

    I would be cautious.
     
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  4. MTEE1985
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    MTEE1985 There is no opportunity in comfort Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

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  5. Raoul Duke
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    Raoul Duke Tallest Lannister Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass Summit Attendee

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    Tell us all about on this date: 03/08/26.
     

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