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Profitable Check Cashing Franchise

Location  New Jersey,United States
Asking Price Range  $250K - $500K
Gross Revenues  $275000
Net Profit / Cash Flow  $150000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  1996
Number of Employees  1 - 3
Inventory  $120,000 equipment & $1,500 inventory.
Relocatable  No
Number of Employees  1 - 3
Real Estate  Leased
Training  The seller will supply a full transitional period and remain sixty days post closing.
Reason for Sale  The seller is retiring from this industry after many years.
Description  Highly profitable check cashing franchise in an urban area of Passaic County, NJ. This franchise, founded in 1977, is a pioneer in the check cashing industry. This business generates an annual gross income of $275,000 and the owner can verify a consistent net income of $150,000. This is a clean safe industry with substantial growth potential to a motivated operator. Even as a semi-absentee owner, the business has a wonderful return on investment. United provides check cashing services, money orders, wire transfer, bill payment, pre paid Master Card, Lotto, Notary Public, Tax Service, and much more. This check cashing franchise consists of over 130 centers operating in dozens of states across the country. The owner has paid for the original franchise fee; purchaser is responsible for franchise transfer fee and requires approval. Located in Northern New Jersey Passaic County, New Jersey on an active county road close to major state highways for quick access. The business has an excellent location near numerous urban communities with substantial businesses which require this service. The facility is on an active commercial avenue with numerous businesses and consists of 1,200 square feet with private parking as part of the lease agreement. The facility has a clean professional image and specifically designed for this service.
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