Niche Financial Services For Sale-28279

Nassau County, NY
Nassau County


Asking Price: Annual Revenue:
$5,200,000 $3,794,888

Services: Financial, Accounting, Insurance


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RE: Niche Financial Services For Sale-28279 Broker: Melvin L. Vaz
Owner Financing is Available!
$3,200,000.00 Down & $2 million over 3 years @ 6%

Quick Facts

Asking Price: $5,200,000
Annual Revenue: $3,794,888
Net Profit: Not Disclosed
Cash Flow: $1,897,443
Total Debt: Not Disclosed
FF&E: $700,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 97944447
Broker Reference #: 28279

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Business Overview:

Regional Check Cashing Service. TRULY UNIQUE BUSINESS. Long established, this business handled nearly $200,000,000.00 in gross services last year. Cash flow was approx. $1,897,443.00 after paying all management and staff salaries. THESE FIGURES COME DIRECTLY FROM THE TAX RETURNS. This is ideal for an institutional investor or private equity group The business has not needed any bank borrowing since 1992 as they have enough revenue to self-sustain. They handle small private clients as well as large corporate accounts. They have enough working capital to cover large accounts that most of their competitors cannot. The current owners spend less than 20 hrs/wk operating the business. The owners will stay on for a training and transition period. We are seeking a serious and qualified buyer with roughly $5.7mil. in liquid funds to cover the $3.2 mil downpayment and roughly $2.5 mil in working capital. Proof of Funds, Buyer Registration and Seller's NDA will be requested prior to releasing the physical addresses, tax returns or meeting with the owners. If you meet the criteria, please call 1-877-735-5224.

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.


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Reason for Selling:

Other opportunities.

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 not a franchise resale opportunity.

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