Posted on Mon, Jul. 6, 2009
Dollar Financial Corp said today that it has acquired four stores in Northern Ireland.
Three of them are in central Belfast; the fourth is in Lisburn, the third largest city in Northern Ireland.
The Berwyn-based payday lender said the new sites would offer check cashing, payday lending, and pawn broking services.
Earnings in the next 12 months before interest, taxes, depreciation and amortization are expected to be between 300,000 pounds and 400,000 pounds.
"The acquisition of these stores provides an opportunity to further expand and strengthen our store footprint in Belfast, which is the largest and most densely populated market in Northern Ireland," said Jeff Weiss, the company's chairman and chief executive officer.
Dollar Financial has 1,264 stores, including 186 franchised and agent locations, in the United States, Canada, Republic of Ireland and the United Kingdom.
The company said in October that it acquired five stores in the London market.
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