Company Engaged In Check Cashing & ATM Business Is for Sale in United States

This company is among the largest privately owned check cashing operations.

Established From
Employees
Legal Entity
Reported Sales
Run Rate Sales
USD 4.3 million
EBITDA Margin
30 %
Locations
Local Time
2:31 AM New York
Listed By
Advisor / Business Broker
Status
Active
Overall Rating
Full Sale
Asking Price: USD 6.3 million (Native Currency: USD 6,295,000)
Reason: RETIREMENT.
Includes physical assets worth USD 1 million
Name, Phone, Email
Not disclosed
Business Name
Not disclosed
User Verification
Documents
teaser
nda
Business Overview

- Business has 20 retail stores which are strategically located in the city of Philadelphia.

- In addition to Cashing Checks, this company also offers and specializes in selling Money Orders, Bill Payment Services, Money Transfer and Wiring, Pre-Paid Debit Cards, State Lottery Sales, Public Transportation Passes and Tokens, Faxing, Copies, Corporate Wholesale Check Cashing and Armored Car Cash Delivery Services.

Products & Services Overview

The company also owns a fleet of ATM Machines.

It is a licensed Money Transmitter in the states of NJ and PA and is one of the few check cashers in the United States that has the ability to sell it’s own Money Orders and process their own store branded Pre-Paid Debit Cards.

This company is recognized as the leader in the financial services industry and is the premier Check Casher in the State of PA.

Company is currently operating 20 store locations in the state of PA.

12 locations are owned by the seller and 8 locations are rented under long term lease agreements.

Some of the rented locations include independent tenants who are paying rent to the seller.

Seller Will Consider Selling Any of the 12 Properties / Locations Or Will Lease Them Back to the Buyer of This Business.

Facilities Overview
Recent Activity
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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