Check Cashing Business
www.GlobalBX.com
Listing ID:
700320369
Listing Title:
Check Cashing Business
Quick Link:
http://www.globalbx.com/listing.asp?bId=320369
Industry:
Business Services
Industry Segment:
Financial
Country:
United States
State / Province:
Pennsylvania
Area
City:
Lehigh County
Asking Price Range:
$1.0M - $2.5M
Gross Revenues:
$897,000
Cash Flow:
$476,000
Cash Flow Type:
Sellers Discretionary Cash
Year Established:
2010
Number of Employees:
6 - 9
Business Description:
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.
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