Business Summary:
United Check Cashing Franchise is a pioneer in the check
cashing industry. Founded in 1977 they provide a variety of
vital financial services for customers who prefer to manage
their money on a simple cash basis. This business has a gross income of $290,000 and a yearly net income of $150,000 to the owner operator. This is a clean safe industry with substantial growth potential to a motivated operator. United provides check cashing services, money orders, wire transfer, bill payment, pre paid Master Card, Lotto, Notary
Public, Tax Service, and much more. The quality of service
they provide is professional with quick service without long
lines. The products are reflected in the variety of services
they offer, from their modern lobbies to their friendly tellers. United chain consists of over 130 check cashing centers operating in dozens of states across the country. The sale includes various computer systems and terminals, phone system, software system and accounting systems, displays desks and chairs, etc. The facility has a capacity for 24 customers in a 1,200 sq ft commercial setting, on one main floor with no basement. The business has private parking on the site and part of the lease agreement. The business is operational six days per week with hours from 9:00 am to 6:00 pm. The business has a license from the NJ Banking Commission for this service and requires approval and training from the franchise. The sale includes a long term commercial eight year lease with a yearly rent of $30,300. The business normally requires one part time employee, which presently exists and is expected to remain post closing. The owner has paid for the original franchise fee; purchaser is response for franchise transfer fee and
requires approval.
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