Turnkey Automated Check Cashing Business
Location:
United States
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New Jersey
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Mercer County
Industry: Business Services > Financial
Business Summary
A successful Check Cashing business for sale, located in a commercial mall center of Central New Jersey. The facility is ultra modern with a bank like structure and is conveniently located on a high traffic county road. The Check cashing industry offers a valuable service to a large portion of the general US population who do not have a banking relationship with major banks. The Business provides all types of cash transactions such as check cashing, Western Union, money orders, bill payments, copies and faxes. The opportunity includes a valuable check cashing license, all equipment and a database with over 4,000 active customers. The check cashing license gives the owner a protected geographic location of approximately one mile by state law. Additionally, the NJ Bank Division has approved a bill permitting check cashers to increase the check cashing rate from 2% to 3% for 2010. The cost to startup a new check cashing business such as this one would be $150K with no customer base, therefore making this a great opportunity. The present owner is retiring after many successful years and will assist in training a new owner. The business has been approved for bank financing. Please contact our office for further information.
Financials
Asking Price Range: < $250K
Gross Revenues:
$5,000,000
Cash Flow:
$70,000
Cash Flow Type: Sellers Discretionary Cash
Inventory: $125,000 equipment only.
Seller Financing: Yes
About The Business
Year Established: 2000
Number of Employees: 1 - 3
Relocatable: No
Franchise: No
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: Seller will provide a complete due diligence and training period.
Reason For Selling: Retirement.
Click on the "I'm Interested" button above for more information on this Business Services > Financial business for sale.
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Print Listing Id: 700112357
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