High Volume - check cashing franchise

Paterson, NJ (Passaic County)

High Volume - check cashing franchise

Asking Price:$205,000

Cash Flow:N/A

Gross Revenue:N/A

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Established:1996

High Volume - check cashing franchise

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Business Description

This location has the look and feel of a neighborhood bank branch while providing service to those that are "unbanked". Services include check cashing, money orders, wire transfers, electronic bill payments and a low to middle income mortgage program. New owner will also need about $125,000 in cash inventory as working capital. This $125,000 is not invested funds but funds used to cash checks and should be considered revolving working capital.

Detailed Information

Facilities:
1,800 square foot location in prime traffic area in Paterson - fully equipped - will need a retro fit update and branding I.D. - should be about $20,000 additional
Support & Training:
Full and complete franchise training and support - franchise corporate headquarters less than 2 hours away from this location
Reason for Selling:
multiple business ownership
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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