Check Cashing Business Established in 2000
Business Description
Established Customer Base, Turn Key, High Traffic
A business like this rarely comes to market. This dedicated check cashing business was established 25 years ago. The current owners took over 3 years ago and have multiplied profits by 4x! Interior was remodeled in 2023. Business operation follows banking hours: open Monday thru Friday 9a-6p, Saturday 9a-3p, closed on Sundays and all holidays.
Easy operation typically handled by 1 employee but never more than 2. This business cashes almost every type of check and with confidence. They have a database with over 100,000 clients information and history. They cash huge check from lawsuit settlements down to income tax refunds and regular payroll checks. Whatever the amount, they can handle it.
Overhead is very low due to owners operating the business. Lease terms are very favorable as well. 1,500 square feet for $2,582/month (includes NNN).
Last time this business was on the market, they had an offer the next day. Don't sleep on this opportunity.
Business information will be shared after NDA and Proof of Funds are received. Financials will be shown in person by appointment only.
Easy operation typically handled by 1 employee but never more than 2. This business cashes almost every type of check and with confidence. They have a database with over 100,000 clients information and history. They cash huge check from lawsuit settlements down to income tax refunds and regular payroll checks. Whatever the amount, they can handle it.
Overhead is very low due to owners operating the business. Lease terms are very favorable as well. 1,500 square feet for $2,582/month (includes NNN).
Last time this business was on the market, they had an offer the next day. Don't sleep on this opportunity.
Business information will be shared after NDA and Proof of Funds are received. Financials will be shown in person by appointment only.
About the Business
- Years in Operation
- 25
- Employees
- 2 (2 Full-time)
Operated by owners, no other employees - Facilities & Assets
- Fully renovated in 2023 featuring fresh interior paint, new flooring throughout, updated countertops, and new exterior signage. Enhanced with a modern 12-camera security system offering remote monitoring capabilities. Strategically positioned on a prime corner location along a major thoroughfare within a high-traffic shopping center. The property includes professional security patrol services covering the parking area for 12 hours daily.
- Market Outlook / Competition
- There are 2 competitors nearby but they are not dedicated Check Cashing businesses with the privacy and ability to cash large checks like this business. This location also offers money orders, bill pay, debit card withdrawals as well as selling some other goods like electronics and perfumes.
- Opportunities for Growth
- This business has seen tremendous growth over the last few years due to heavy marketing, paid advertising and offering the best customer service. There is still room to grow by adding the ability to cash business checks, increase marketing efforts and budget, also adding Lottery would increase foot traffic to then market your services.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 1,500
- Rent
- $2,582.00 per month
- Lease Expiration
- 1/3/2028
About the Sale
- Seller Motivation
- Partners Relocating Out of State
- Transition Support
- Sellers will offer training for 30 calendar days post sale up to 4 hours per day.
- Financing Options
- 75% Down, Balance Amortized for 60 Months at 8%
Listing Info
- ID
- 2412093
- Listing Views
- 43
Listing ID: 2412093 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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