High Volume - Check Cashing/financial service Biz

Philadelphia, PA (Delaware County)

High Volume - Check Cashing/financial service Biz

Asking Price:$460,000

Cash Flow:N/A

Gross Revenue:N/A

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Established:1993

High Volume - Check Cashing/financial service Biz

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Business Description

This location has the look and feel of a neighborhood bank branch and serves those in the area that are "unbanked". That includes individual customers as well as business customers(landscapers, roofers and others in trade businesses). Services include check cashing, electronic bill payment, money orders, wire transfers, tax prep services, low to middle income mortgage programs and more. This is a great opportunity for someone who wants a multi unit opportunity and can be owner operated or absentee with a general manager in place. The new owner will also need about $150,000 in cash inventory to cash customers checks. This money is not actually invested funds but money used as inventory and working capital that rotates on a weekly basis. If you have a desire for a large business let's talk.

Detailed Information

Employees:
6
Facilities:
1900 square foot retail space - fully equipped will need updating - s/b about 15K
Support & Training:
The new owner will receive full and complete franchise training both at northeast corporate headquarters and at location. Full and complete franchise support provided,
Reason for Selling:
Owner is downsizing
Franchise:
This business is an established franchise

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Bob Fuhrman

Business Listed By:
Bob Fuhrman

RF Franchise Systems, LLC

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