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United Check Cashing
Owning a United Check Cashing business is the closest thing you can do in franchising to owning a bank. United Check Cashing centers provide a wide assortment of vital services, in addition to just check cashing, to the "underbanked" segment of consumers seeking an alternative to traditional banking relationships and the growing fees associated with banks. Our franchisees operate clean, bright, safe retail centers located in urban and suburban markets, and they pride themselves on building strong consumer relationships through friendly, courteous, and prompt service not usually associated with today's banks.
Franchisor Background
Year Established:
1977
Franchising Since:
1992
Operating Units:
Franchised Units:
150
100%
Company-Owned Units:
0
0%
______
_____
Total Operating Units:
150
100%
Geographic Distribution:
U.S.:
150
100%
In 17 States
Canada:
0
0%
In 0 Canadian Provinces
International:
0
0%
In 0 Foreign Countries
______
_____
Total:
150
100%
North America:
States/Provinces with the largest number of operating units:
Density
Units
1. Florida
9
2. New Jersey
50
3. Pennsylvania
48
Registered in Following Registration States:
California, Florida, Indiana, Maryland, Michigan, New York, Rhode Island, Virginia, Washington, District Of Columbia
Financial Requirements
Investment:
Minimum Net Worth:
$350K
Cash Investment:
$70-100K
Total Investment:
$200-300K
Average Total Investment:
$250K
Fees:
Initial Franchise Fee:
$27.5K
Average Franchise Fee:
$28K
On-Going Royalty:
0.002% of Volume
Average Royalty:
0%
Advertising Fee:
3% Income
Average Number of Employees:
1 Full-time, 2 Part-time
Space Needs (in square footage):
1,000
Preferred Sites:
Free-standing Building, Storefront, Strip Center, Regional Mall
