Services - Finance, Banking, Loans & Leasing | Services - Other Miscellaneous services

$Seller Financing Available

Asking Price	$230,000	Inventory	$2,500**
Gross Income	$5,000,000	Real Estate
Cash Flow	$70,000	Year Established	2000
FF&E	$125,000*	Employees	2

* included in the asking price

** not included in the asking price

A successful Check Cashing business located in a commercial mall center of Central New Jersey. The facility is ultra modern with a bank like structure and is conveniently located on a high traffic county road. The Check cashing industry offers a valuable service to a large portion of the general US population who do not have a banking relationship with major banks. The Business provides all types of cash transactions such as check cashing, Western Union, money orders, bill payments, copies and faxes. The opportunity includes a valuable check cashing license, all equipment and a database with over 4,000 active customers. The check cashing license gives the owner a protected geographic location of approximately one mile by state law. Additionally, the NJ Bank Division has approved a bill permitting check cashers to increase the check cashing rate from 2% to 3% for 2010. The cost to startup a new check cashing business such as this one would be $150K with no customer base, therefore making this a great opportunity. The present owner is retiring after many successful years and will assist in training a new owner. The business has been approved for bank financing. Please contact our office for further information.

Facilities: Facility consists of 1,800 square feet with an indoor capacity for 25 customers. The facility is ultra modern with a professional image. An existing lease with an additional 10 year option is available for transfer. Private parking is also included in the purchase.

Competition: Due to State requirement, no other Check Cashing businesses are in the immediate area.

Growth/Expansion: The business is presently lacking an updated marketing plan, which can substantially increase the income flow.

Seller Financing Available: Yes

Financing: Financing is available for a qualified purchaser

Support/Training: Seller will provide a complete due diligence and training period.

Reason Selling: Retirement