MergerPlace

Established Check Cashing

New Jersey (Middlesex)


  • Asking Price: $120,000
  • Gross Income: $213,404
  • Cash Flow: $107,064
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $30,000
  • Listing ID: #211872
  • Established: 2004
  • Employees: 1 PT 1 FT

Business Description

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.


Business Details

Primary Business Category: Services - Other Services
Location: New Jersey
County: Middlesex

Company Information

Year Established: 2004
Home Based: No
Franchise: Yes
Relocatable: No
Number of Employees: 1 PT 1 FT

Financial Information

Asking Price: $120,000
Gross Revenue: $213,404
Cash Flow: $107,064
FF&E: $30,000
Seller Financing Available: No

Property Information

Facilities:

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

Growth & expansion opportunities:

Significant, increasing commercial account check cashing can increase revenue

Competition:

None, this is a state-regulated, territory-protected business

Reason for selling:

Retirement

Support & Training:

2 weeks

Contact Business Seller

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Business Listed By:

Surendra Ghandi

Executive Business Brokers