Business For Sale

Check Cashing Business in PA - 31189

Not Disclosed, PA
Lehigh County


Asking Price: Annual Revenue:
$1,680,000 $897,000

Services: Financial, Accounting, Insurance


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RE: Check Cashing Business in PA - 31189 Broker: Gerald Nimberg

Quick Facts

Asking Price: $1,680,000
Annual Revenue: $897,000
Net Profit: Not Disclosed
Cash Flow: $475,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 7
BBN Listing #: 62974447
Broker Reference #: 31189

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Business Overview:

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.

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Reason for Selling:

Other

Additional Details:

  • The property is owned.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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