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Business for Sale Summary

Check Cashing Business - Low Overhead,High Margin - 34627

Business Type: banking, lending, and finance,mailbox/postal/bill pay/check cashing,misc. retail/non-classifiable,misc. service/non-classifiable,other personal services,check cashing
Check Cashing Business - Low Overhead,High Margin
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This business has received 44 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $149,000 Down Payment $149,000
Gross Revenues $204,000 Lease Remaining Register Free to View
Owner’s Cash Flow $170,760 Number of FT Employees Register Free to View

Financing

$149,000 Down and Possible for a well qualified buyer with good credit and a personal guarantee.

Business Description

Check cashing operation with low overhead and high margins. Drastic price reduction for a quick sale. This business has been established for many years and offers reasonable fees for retail and commercial check cashing, Western Union, money orders and bill payments. The state is NOT giving out any new licenses. The license alone is worth more than $100K. This location has 9 years left on the current lease with a rent of only $845/mth. In the past year gross commissions totaled approx. $204,400.00 with an owner’s cash flow of approx. $170,760.00. This represents one owner-operator in the store. You can buy this to operate yourself or hire staff and run it on more of an absentee basis. Once the business and license have been purchased you can relocate anywhere in PA. We are seeking a serious and financially qualified buyer with at least $249K in liquid funds to cover the $149K asking price and approx. $100K in working capital. To learn more, please call, text or email Mel Vaz today on 631-767-0157 or melvaz@vestedbb.com. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only. Proof of funds will be required prior to meeting with the owner.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

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.