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




Business Summary

Three independent, single-owner, non-franchised check cashing stores in Lehigh County, Pennsylvania have become available. Maybe the beginning of your own franchise business or merely an investment of cash-on-cash of 28% at current level of earnings which, by the way, continue to climb. There is much to add such as lottery, scratch-offs, taxes, notary (seems to be in high demand), cigarettes and most notably commercial check cashing business which currently accounts for less than 10% of the check cashing business. Also, there seems to be a movement in this area for seniors to opt out of direct deposit social security payments back to paper checks and that accounts for much of the current growth. Each store has seasoned management in place. Both owners have been in this business for more than 25 years and one is looking to retire while the other may stay on for a while to smooth transition and to develop the business further. For more information contact Gerald Nimberg at 646-269-4616.


Financials

Asking Price Range:  $1.0M - $2.5M
Gross Revenues:   $897,000
Cash Flow:   $476,000
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Not Disclosed

About The Business

Year Established:  2010
Number of Employees:  6 - 9
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased

About The Sale

Management Training and Support:  Yes
Reason For Selling:  Other

Photos

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Check Cashing Business Photo 1




Print Listing Id: 700320369
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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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