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Regional Check Cashing Service In Nassau County For Sale

Nassau County, New York
Asking Price:
$5,200,000 (USD)
Sales Revenue:
$3,794,888 (USD)
Cash Flow:
$1,897,443 (USD)

Regional Check Cashing Service. TRULY UNIQUE BUSINESS. Long established, this business handled nearly $200,000,000.00 in gross services last year. Cash flow was approx. $1,897,443.00 after paying all management and staff salaries. THESE FIGURES COME DIRECTLY FROM THE TAX RETURNS. This is ideal for an institutional investor or private equity group The business has not needed any bank borrowing since 1992 as they have enough revenue to self-sustain. They handle small private clients as well as large corporate accounts. They have enough working capital to cover large accounts that most of their competitors cannot. The current owners spend less than 20 hrs/wk operating the business. The owners will stay on for a training and transition period. We are seeking a serious and qualified buyer with roughly $5.7mil. in liquid funds to cover the $3.2 mil downpayment and roughly $2.5 mil in working capital. Proof of Funds, Buyer Registration and Seller's NDA will be requested prior to releasing the physical addresses, tax returns or meeting with the owners. If you meet the criteria, please call.

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Property Information

Real Estate:

Lease

Business Operation

Reasons for selling:

Other opportunities.

Other Information

Support & training:

The seller will train the new owner.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

3,200,000.00 Down & $2 million over 3 yrs. @ 6%

Furniture / Fixtures value:
$700,000 (USD)

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