Business Summary:
A United Check Cashing franchise business located in an attractive mall & main road of the Central - Southern area of New Jersey. United Check Cashing is a national corporation which was founded in 1977 and developed into a franchise in 1992. The Check Cashing industry offers an excellent service to a large portion of the general US population who do not have a banking relationship with local and major banks. This Business provides all types of cash transactions such as check cashing, money orders and transfers, Bill payments, Pre-Paid credit cards, Phone Cards, Tax Service, Western Union, Phone connection and much more. United franchise is a well established, trusted household name which provides full training and ongoing assistance to all its franchise business owners. This particular location is in a conveniently accessible commercial avenue and generates an annual gross income of $24 Million dollars. The check cashing license is supplied by the State of New Jersey and has a protected, limited territory for each business location. This is an excellent opportunity to own a stable franchise business in a great location!
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| Year
Business was Established: 1997 |
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| Number of Employees:
3 |
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| Facilities / Terms of Lease:
The facility consists of a total of 1,200 square feet in an attractive mall with ample mall parking. The business is in a commercial area with lots of businesses, employees and visitors who require this service. An existing lease with additional options for continuation is available for transfer. |
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| Potential
Growth/Expansion:
This business requires an active marketing and advertising plan in order to progress. The present owner does not have an updated advertising budget in place. |
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| Competition:
No other Check Cashing businesses are located in this particular area. |
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| Owner
willing to finance:
Financing has been preliminarily approved for a qualified purchaser. |
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| Owner
willing to train:
Seller will provide a full due diligence and transitional period. Franchise training and support is also available. |
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| Reason for selling:
Retirement |
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Seller Reference Number: CHCS102
BusinessMart.com Listing Number: 60425 |
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