Close

Choose your country

Or view all businesses for sale

Worldwide

Menu Sell Now

Advertisement

Check Cashing And Financial Services Seeks Established Operator For Sale

Bucks County, Pennsylvania
Asking Price:
$6,295,000 (USD) Furniture / Fixtures included
Sales Revenue:
$4,300,000 (USD)
Cash Flow:
$1,272,000 (USD)

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.

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.

Property information

Location:

SMALL COMMERCIAL REAL ESTATE LOCATIONS

Business Operation

Expansion Potential:

UNLIMITED

Competition / Market:

EXTREMELY LIMITED

Reasons for selling:

RETIREMENT

Trading hours:

Days & Hours of Operation: 9-6 M T W, 9-7 TH F SAT ( SOME OPEN SUNDAYS )
Owner Hours: 35

Employees:
48
Years established:
1993

Other Information

Support & training:

COMPLETE TRAINING AND SUPPORT INCLUDED

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

NEGOTIABLE

Furniture / Fixtures value:
$936,000 (USD) - included in the asking price
Inventory / Stock value:
$72,600 (USD)
Related Documents:

Contact Broker

Contact Information

  1. Optional
  2. Country

  1. Optional

By submitting this form, you confirm that you agree to our Terms and Conditions and Privacy Policy.

Selling your business?

If you own a business and are considering selling, visit our Sell a Business section. Limited Free Trial available.

Sell Your Business

Are you a Business Owner?

Set up your Private Seller Account and create your listing today

Get Started Here

Are you a Business Broker?

Set up your BrokerWeb Account and list multiple businesses

Get Started Here