MergerPlace

Check Cashing & Financial Services

Pennsylvania (Delaware)


  • Asking Price: $3,995,000
  • Gross Income: $4,300,000
  • Cash Flow: $836,000
  • Real Estate: Not Disclosed
  • Inventory: $72,600
  • FF&E: $936,000
  • Listing ID: #197950
  • Established: 1993
  • Employees: 48

Business Description

Business Description:
THIS COMPANY IS AMONG THE LARGEST PRIVATELY OWNED CHECK CASHING OPERATIONS IN THE STATE OF PA.
A FINANCIAL SERVICES BUSINESS WITH 20 RETAIL STORE LOCATIONS STRATEGICALLY LOCATED THROUGHOUT THE PHILADELPHIA MARKET.
In addition to Cashing Checks, this company also offers and specializes in selling Money Orders, Bill Payment Services, Money Transfer and Wiring, Pre-Paid Debit Cards, State Lottery Sales,
Public Transportation Passes and Tokens, Faxing, Copies, Corporate Wholesale Check Cashing and Armored Car Cash Delivery Services.
The company also owns a fleet of ATM Machines, is a licensed Money Transmitter in the states of NJ and PA and is one of the few check cashers in the United States that has the ability to sell
it’s own Money Orders and process their own store branded Pre-Paid Debit Cards.
This company is recognized as the leader in the financial services industry and is the premier Check Casher in the State of PA.
THE Company is currently operating 20 store locations in the State of PA.
12 locations are owned by the Seller and 8 locations are rented under long term lease agreements.
Some of the rented locations include independent tenants who are paying rent to the seller.
Seller will consider selling any of the 12 properties / locations or will lease them back to the Buyer of this business.



Historical Summary:
This company has been in business since 1993 and has grown its business and list of services to become one of the largest Check Cashing companies and Financial Services business in the State of PA with 20 retail locations throughout Philadelphia and the surrounding region.


Business Details

Primary Business Category: Finance - Depository & Commercial Banking
Location: Pennsylvania
County: Delaware

Company Information

Year Established: 1993
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 48

Financial Information

Asking Price: $3,995,000
Gross Revenue: $4,300,000
Cash Flow: $836,000
EBITDA: $836,000
FF&E: $936,000
Inventory: $72,600
Seller Financing Available: Yes

Property Information

Facilities:

Type of Location: Commercial Facilities: SMALL COMMERCIAL REAL ESTATE LOCATIONS

Growth & expansion opportunities:

UNLIMITED

Competition:

EXTREMELY LIMITED

Reason for selling:

RETIREMENT

Support & Training:

COMPLETE TRAINING AND SUPPORT INCLUDED

Contact Business Seller

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Business Listed By:

Mel Lisiten

LISITEN ASSOCIATES