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Businesses For Sale   >>   Monmouth Businesses For Sale   

Check Cashing Franchise Business

Location  Monmouth County, New Jersey, United States
Asking Price Range  < $250K
Gross Revenues  $244904
Net Profit / Cash Flow  $71084
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  1999
Number of Employees  1 - 3
Inventory  $40000 equipment & $1200 inventory.
Relocatable  No
Number of Employees  1 - 3
Real Estate  Leased
Training  The seller will supply a full transitional period and remain thirty days post closing.
Reason for Sale  Retiring after many years of success in this particular industry.

Description  
Excellent opportunity to owner this profitable check cashing Franchise Company. Ten percent of all households use a check cashing center to meet their financial service needs. The needs of consumers who often choose not to use banks are both basic and easy to identify. United Check Cashing franchise has developed and operated multiple financial service centers for more than 30 years. In 1992, United decided to expand its business model through a formal franchising system. To date, United has helped independent entrepreneurs establish and operate more than 125 United Check Cashing centers in 16 states. The United system has standardized the key elements necessary to run a check cashing center. United provides assistance with licensing and vendor relations, training on all aspects of business and ongoing operations and marketing support. Their professional, bank-like centers are conveniently located where our customers work and shop. The cost of opening a new Franchise ranges at $135,000. United has created a retail format that offers a warm, community bank-like atmosphere for customers to conduct their personal financial business. The equipment included in the sale is various computers and monitors, specific software, copies and various equipment required to maintain and operate this business. The facility has a capacity for 22 customers, 1,500 sq ft, one main floor no basement. The facility has substantial private parking on the site and part of the lease agreement. The business is operational seven days per week with hours from 9:00 am to 5:00 pm. The business has a NJ State license and franchise approval which permits this service. The business has a long term commercial ten year lease with a monthly rent of $2,000. The business has a full staff of experienced employees, unaware of the pending sale and expected to remain post closing.


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