Established Check Cashing

Not Disclosed, NJ
Middlesex County


Asking Price: Annual Revenue:
$120,000 $213,404

Services: Financial, Accounting, Insurance


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RE: Established Check Cashing Broker: Surendra Ghandi

Quick Facts

Asking Price: $120,000
Annual Revenue: $213,404
Net Profit: Not Disclosed
Cash Flow: $107,064
Total Debt: Not Disclosed
FF&E: $30,000
Real Estate: Not Disclosed
Year Established: 2004
Employees: 2
BBN Listing #: 50382979
Broker Reference #: 6326sg

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Business Overview:

Well-established, state-regulated, territory-protected franchised business located on a major arterial road with public transportation. Totally transparent and minimally labor-intensive business. Can be operated semi absentee. Superb franchise support. Decent hours of operation. In addition to the purchase price, this business requires liquidity of $150,000 (Proof of funds required). Owner’s compensation of $39,000 added back to the cash flow for an owner operator. Other income: Bad check recovery $22,052. ROI within two years.

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Property Features and Assets:

Well-established business, same owner for 15 years, great location on a busy highway with public transportation

Market Competition and Expansion:

No competition, this is a state-regulated, territory-protected business. Significant expansion, increasing commercial account check chasing may increase revenue

Reason for Selling:

Retirement

Additional Details:

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

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