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Check Cashing Business - Low Overhead, High Margin For Sale

Philadelphia County, Pennsylvania, US
Asking Price:
$149,000
Sales Revenue:
$204,000
Cash Flow:
$170,760

Check cashing operation with low overhead and high margins. Drastic price reduction for a quick sale. This business has been established for many years and offers reasonable fees for retail and commercial check cashing, Western Union, money orders and bill payments. The state is not giving out any new licenses. The license alone is worth more than $100K. This location has 9 years left on the current lease with a rent of only $845/mth. In the past year gross commissions totaled approx. $204,400.00 with an owner’s cash flow of approx. $170,760.00. This represents one owner-operator in the store. You can buy this to operate yourself or hire staff and run it on more of an absentee basis. Once the business and license have been purchased you can relocate anywhere in PA. We are seeking a serious and financially qualified buyer with at least $249K in liquid funds to cover the $149K asking price and approx. $100K in working capital. To learn more, please call, text or email Mel Vaz today. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only. Proof of funds will be required prior to meeting with the owner.

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 to discover the difference that is Vested Business Brokers.

Business Operation

Reasons for selling:

Death in the family.

Employees:
1FT
Years established:
1992

Other Information

Support & training:

Seller will train

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

149,000.00 Down & Possible for a well qualified buyer with good credit and a personal guarantee.

Furniture / Fixtures value:
$20,000
Inventory / Stock value:
$100,000
Relocatable:
This business can be relocated.

Contact Vested Business Brokers HQ

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