Check Cashing Business Opportunity in Essex County - 37354

Financing

$350,000 Down and $50,000 for 18 months @ 7%

Business Description

All income and expenses associated with the business are fully documented and reported, providing transparent and reliable financial records for prospective buyers. This check cashing store, located in Essex County, New Jersey, offers a comprehensive range of financial services for both individuals and businesses, including check cashing for immediate access to funds, money orders, money transfers, currency conversions, wire transfers, and prepaid debit cards, meeting the needs of customers seeking quick solutions for unexpected expenses or short-term cash flow challenges. A packaging and shipping store that shares the same location is also available for acquisition either separately or together with the check cashing business, creating an attractive opportunity for expansion and diversification. The business is situated in a highly trafficked strip center with convenient access to the New Jersey Turnpike and major cross-county highways, serving a strong working-class community alongside a diverse base of commercial and industrial businesses that together provide a broad and consistent customer base. Following the unexpected passing of the financial partner, the remaining owner has faced challenges securing growth capital and is required to buy out the deceased partner’s interest, which led to the decline of new business opportunities; despite this, the business remains profitable and offers significant upside through potential expansion into technology-driven payroll services, cash advance products, and remote financial services. The business is fully licensed at the local, state, and federal levels, and the current owner is committed to a smooth transition, including training the new owner and considering a potential partnership arrangement. For more information, please contact Gerald Nimberg, Senior Business Broker at Vested Business Brokers, at 646-269-4616.

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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.