Connecticut Banking and Loan Businesses For Sale

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Check Cashing StoreTremendous Opportunity | Attractively Priced | No Experience Required
$50,000 Cash Flow: $35,000
Check Cashing StoreTremendous Opportunity | Attractively Priced | No Experience Required

Hartford, CT

This professional franchise check cashing business is very attractively priced. It is the closest thing to having your own neighborhood branch bank. It has a bank look and feel, and offers a full menu of financial services to the "un-banked" or "under-banked" customer. Services include check cashing, money orders, wire transfer, electronic bill payment, gold, and gift-card buyback program. This professionally run store has a profit margin close to 50%, being offered at a very attractive price. Have a 401k or IRA? Use it to buy this business with NO tax penalties. Take advantage of the Seller's successful track record, web presence, advertising, social media, and local marketing. And enjoy the franchisor's wealth of proven marketing resources, marketing knowledge, operating systems and support.

Check Cashing StoreHighly Profitable | Attractively Priced | No Experience Required
$190,000 Cash Flow: $100,000
Check Cashing StoreHighly Profitable | Attractively Priced | No Experience Required

North Haven, CT

This professional franchise check cashing business is very attractively priced. It is the closest thing to having your own neighborhood branch bank. It has a bank look and feel, and offers a full menu of financial services to the "un-banked" or "under-banked" customer. Services include check cashing, money orders, wire transfer, electronic bill payment, gold, and gift-card buyback program. This professionally run store has a profit margin close to 50%, being offered at a very attractive price. Have a 401k or IRA? Use it to buy this business with NO tax penalties. Take advantage of the Seller's successful track record, web presence, advertising, social media, and local marketing. And enjoy the franchisor's wealth of proven marketing resources, marketing knowledge, operating systems and support.

Established Connecticut Mortgage Broker With Multiple State Licenses
$995,000 Cash Flow: $291,037 Seller Financing
Established Connecticut Mortgage Broker With Multiple State Licenses

CT

Over the course of its more than two decades of existence, this company has earned a reputation as a valuable resource for clients seeking the most cost-effective mortgage products, with residential properties comprising 95% of its portfolio. Licensed in eight states, the company has offices in Connecticut and New York. New business is produced by the owner and four loan officers, who draw upon longstanding relationships with 25 lending institutions to provide clients with access to products to support their purchases of homes and investment properties, as well as refinancings and home equity loans. Mortgages are underwritten by banks, the FHA, VA and US Department of Agriculture. Jumbo loans constitute 10% of the portfolio; approximately 10% of clients are subprime borrowers. A staff of loan processors, a bookkeeper and secretary provide administrative support. As a reflection of client satisfaction, over 60% of business is from mortgagors previously served by the company. Realtors, appraisers, home inspectors, banks and other third parties generate a steady stream of new client referrals. Since the Connecticut office is housed in a family owned building, the owner can accommodate the buyer’s preference for a lease term. He intends to continue managing his mortgage practice for several years after the sale, which will assure the buyer of a seamless transition. The most valuable asset the buyer will acquire is a brand that is regarded as synonymous with quality and service, and which promises to continue to generate strong repeat and referral patronage over the long term.


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