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Business for Sale Summary

Check Cashing Business in Lehigh County, PA - 31189

Business Type: accounting/payroll/tax ,other business services,other personal services,professional services,service businesses
Check Cashing  Business in Lehigh County, PA
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Financial Information (non-confidential)

General Information
Asking Price $1,680,000 Down Payment $1,680,000
Gross Revenues $897,000 Lease Remaining Register Free to View
Owner’s Cash Flow $476,000 Number of FT Employees Register Free to View

Financing

$1,680,000 Down and

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.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.