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- RE: Growing Philadelphia Check Cashing Store
- Contact: Tom Covello
Quick Facts
Asking Price: | $240,000 | |
Annual Revenue: | $302,244 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $89,082 | |
Total Debt: | Not Disclosed | |
FF&E: | Not Disclosed | |
Real Estate: | Not Disclosed | |
Year Established: | Not Disclosed | |
Employees: | 2 | |
BBN Listing #: | 950179 | |
Broker Reference #: | 64646-371751 |
Business Overview:
This store, part of the most respected franchise in the industry, is growing and on pace to do over $18m in check cashing volume this year. In addition, the business has multiple other revenue streams. The location on the southern side of Philly is perfect as new businesses are opening all the time right around the corner in this booming marketplace. The store currently has three employees and offers plenty of floor space which allows them to house four PA Skill machines and provides the owner with substantial additional income. The property is currently not for sale, but the purchaser of the business will get first right of refusal to purchase the real estate at fair market value when it goes on the market. Please keep in mind this opportunity is not SBA eligible and the buyer will need approximately $100k in cash inventory to start operations.
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Property Features and Assets:
Monthly Rent:$2,500.00
Reason for Selling:
Other Business InterestAdditional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is a franchise resale opportunity
Relevant Links:
- View more Pennsylvania businesses for sale
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