Check Cashing
Passaic County , New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $175,000 |
$235,211 |
$110,550 |
Business Summary:
Outstanding opportunity for owner operator. Turn key operation with excellent location. Seller will supply training, on going support. New buyer can add additional sales by buying gold and reselling it; also lottery, and vending machines. Corporation will provide ongoing training and provide bank. There is also a $30,000 franchise fee that runs for 15 years. For further information, please contact Steven Albert at 908-851-9040, Ext. 291 or 973-713-3920
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| Year
Business was Established: 2000 |
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| Number of Employees:
1 |
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| Facilities / Terms of Lease:
1,247 square feet with parking, a little more than one year left on lease. However, landlord will agree to long-term lease with new buyer. All equipment and building is in good condition. |
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| Potential
Growth/Expansion:
New owner should buy gold and re sell it for additional revenue. Additional advertising will bring in more business. Also the check cashing store should be open on Sunday for more revenue. Also add lottery machine. |
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| Competition:
Not much competition in area |
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| Owner
willing to finance:
Prime plus 2 percent |
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| Owner
willing to train:
2 weeks |
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| Reason for selling:
Owner retiring |
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| REQUEST MORE INFO |
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