Check Cashing Business Established in 2000

Listing Price: $899,999

New

  • Asking Price: $899,999
  • Cash Flow: $450,000
  • Gross Revenue: $700,000
  • FF&E: $20,000
  • Inventory: $5,000
  • Established: 25

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.

Detailed Information

Location: Wayne County, MI

Real Estate: No

Building SF: 1500

Lease Expiration: 2028-01-01

Employees: 2FTPT

Seller Financing Available: Yes

Financing: 75% Down, Balance Amortized for 60 Months at 8%

Support & Training: Sellers will offer training for 30 calendar days post sale up to 4 hours per day.

Reason for Selling: Partners Relocating Out of State

Lease Info: Lease includes NNN

  • Listing ID: 55259
  • BizBuySell ID: 2412093
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