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Free Standing Check Cashing

Essex County, New Jersey

Asking Price: Gross: Cash Flow:
$195,000 $7,985,256 $101,705

Furniture and Fixtures Value:
$60,000 (included in the asking price)

Business Summary:
Thriving attractive free standing cash checking establishment located in the middle of a large towns commercial center. Situated next to municipal parking lot situated on outskirts of much larger blue collar, working city, and off a major exit of heavily traffic interstate highway. Shop located near to government and municipal buildings store does cash checking, bill paying, money orders and union data base of check cashers goes with sale of business. Present employees would stay on. Facility has been at same location for 14 years and is well known in area. Always active. Does this type of business without and advertising or promotions by present owner. Situated in the midst of commercial avenue is a great environment. Room for added revenue – phone cards, lottery and lock making and sales this check cashing establishment being sold as package with testing number 3927. Store is run completely absentee. For further information, please contact 908-851-9040 Ext. 285.

 
   
   
Year Business was Established: 1996
   
Number of Employees: 2  
   
Facilities / Terms of Lease: Free standing building – center of town – adjacent to municipal parking lot, completely equipped to perform all functions of cash checking. Good lease in an attractive building, more than ample space.  
   
Potential Growth/Expansion: Advertising – promotion – larger outside signs identify place as a check cashing establishment  
   
Competition: In the area where this facility is – there are no other cash checkers unless you go onto secluded streets  
   
Owner willing to finance: Owner prefers an all cash deal  
   
Owner willing to train: Two weeks  
   
Reason for selling: Seller selling off establishments  
 

 

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