RTTN: Dollar Financial Unit Buys 9 Franchise Stores For About C$13 Mln -Quick Facts
(RTTNews) - Dollar Financial Corp (DLLR: News ) Wednesday said that its wholly-owned Canadian subsidiary, National Money Mart, acquired nine franchise stores in the province of Alberta. The purchase price of the acquisition is about C$13.0 million
The acquired stores will offer the full array of Dollar Financial's products and services, including short-term loans, check cashing, gold purchase, Western Union money transfer, foreign exchange, debit cards, and others.
The expected EBITDA for the nine acquired stores for the twelve months following the acquisition including transition costs is expected to be about C$3.0 million.
