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Check Cashing & Financial Services Business
Location: United States -> Pennsylvania -> Delaware County
Industry: Business Services > Financial




Business Summary

Business Description:
This company is among the largest privately owned check cashing operations in the state of PA.

A financial services business with 20 retail store locations strategically located throughout the Philadelphia market.

In addition to Cashing Checks, this company also offers and specializes in selling Money Orders, Bill Payment Services, Money Transfer and Wiring, Pre-Paid Debit Cards, State Lottery Sales, Public Transportation Passes and Tokens, Faxing, Copies, Corporate Wholesale Check Cashing and Armored Car Cash Delivery Services.

The company also owns a fleet of ATM Machines, is a licensed Money Transmitter in the states of NJ and PA and is one of the few check cashers in the United States that has the ability to sell it's own Money Orders and process their own store branded Pre-Paid Debit Cards.

This company is recognized as the leader in the financial services industry and is the premier Check Casher in the State of PA.

Company is currently operating 20 store locations in the state of PA.

12 locations are owned by the seller and 8 locations are rented under long term lease agreements.

Some of the rented locations include independent tenants who are paying rent to the seller.

Seller will consider selling any of the 12 properties / locations or will lease them back to the buyer of this business.

Historical Summary:
This company has been in business since 1993 and has grown its business and list of services to become one of the largest Check Cashing companies and Financial Services business in the State of PA with 20 retail locations throughout Philadelphia and the surrounding region.

Listed Price: $ 6,295,000
Phone: 212-661-4160


Financials

Asking Price Range:  $5.0M - $10.0M
Gross Revenues:   $4,300,000
Cash Flow:   $1,272,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $1,008,600
Seller Financing:  Not Disclosed

About The Business

Year Established:  1993
Number of Employees:  35 - 49
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased
Property:  Property For Sale

About The Sale

Management Training and Support:  Complete training and support included
Reason For Selling:  Retirement

Photos

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Check Cashing & Financial Services Business Photo 1




Print Listing Id: 700274509
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Also See: Franchise Opportunities > Franchise Resales > Pennsylvania Businesses For Sale > Pennsylvania Franchises For Sale > Pennsylvania Business Brokers



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