Check Cashing Business
Location Pennsylvania,United States
Asking Price Range $500K - $1.0M
Gross Revenues $6767741
Net Profit / Cash Flow $150000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1987
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Owned
Description Profitable high volume Check Cashing Business located in large urban city North of Phila. This business is licensed with the State of PA, and the facility is located in a high traffic commercial business area with continued demand for this check service. The purchaser will require state approval for license transfer, appropriate credit to obtain bank credit line and working capital of approximately $200,000. The facility has 3 rental units with an extra rental income of $28,000 per year. The business supplies wonderful service with no long delays while waiting for funds to clear. The process is fast, convenient, and available to everyone. Even if you keep a bank account, you may be one of the millions of Americans who find that banker's hours are not in sync with yours, or your bank makes you wait three days for your check to clear before you can access your money. They also offer a full range of other financial services including money transfers, money orders, bill payment, prepaid debit, phone cards, tax preparation, and other services like faxes, copies and notary public. They cash a variety of checks including payroll, government, tax refunds, insurance, commercial and more. No bank account is required and the rates are very fair and reasonable. This is a most unusual business opportunity.
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