Essex County, NJ Check Cashing Businesses For Sale

Check CashingNew JerseyEssex

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Popular Check Cashing Business Essex County, NJ 32409Popular Check Cashing Business Essex County, NJ 32409
$595,000Cash Flow: $250,000
Popular Check Cashing Business Essex County, NJ 32409Popular Check Cashing Business Essex County, NJ 32409

Essex County, NJ

Less than three years old and this Essex County, New Jersey check cashing business is already generating significant profit. And, growing. Senior partner wishes to diminish his involvement in the business and part, or all of the business is now up for sale. Younger partner has been in this business all her adult life and she is willing to remain as a partner or she will stay to train a Buyer. The consumer check cashing business has been dwindling as Direct Deposit of payroll checks has increased and social security and welfare payments are no longer paid by check. But, as that business has softened, the business to business commercial check cashing business has strengthened. Many small businesses across the country lack presence in the financial community. Generally, unless a business owner has audited financial statements and appraised business or personal collateral to pledge, he or she is locked out of the lending markets. Many small Business owners have no lines of credit and thus take full advantage of whatever the opportunities to obtain liquidity in order to meet day-to-day working capital requirements. Thus, the highly profitable commercial check cashing business. But, experience in this field is absolutely necessary and, in this instance, it is on hand. A packaging and shipping store is collocated and is available as well either separately or together with the check cashing business. For more information, contact Gerald Nimberg, Senior Business Broker.


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