Franchise Opportunities: Directory of Franchises and Financial Data

	Find a Franchise

Franchise Picks
	FASTSIGNS iFranchise Group Coverall

Newsletter Sign Up

Mr. Payroll

MR. PAYROLL provides financial services (check cashing, money orders, bill pay, wire transfer, etc.) to the un-banked.

Franchisor Background

Year Established:

1990

Franchising Since:

1990

IFA Member

Operating Units:
Franchised Units:	127	96.2%
Company-Owned Units:	5	3.8%
	______	_____
Total Operating Units:	132	100%

Geographic Distribution:
U.S.:	132	100%	In 21 States
Canada:	0	0%	In 0 Canadian Provinces
International:	0	0%	In 0 Foreign Countries
	______	_____
Total:	132	100%

North America:
States/Provinces with the largest number of operating units:
Density	Units
1. Texas	65
2. Georgia	16
3. New Mexico	8

Registered in Following Registration States:

Financial Requirements

Investment:
Minimum Net Worth:	$140K
Cash Investment:	$70-120K
Total Investment:	$75-326.5K
Average Total Investment:	$200K

Fees:
Initial Franchise Fee:	$10-30K
Average Franchise Fee:	$20K
On-Going Royalty:	10%
Average Royalty:	10%
Advertising Fee:	0%

Average Number of Employees:

1 Full-time, 1 Part-time

Space Needs (in square footage):

Preferred Sites:

Other Sites:

Inside Retail Store

Encourage Conversions?

Earnings Claims Provided?

Yes

Listed in the SBA Registry?

Support and Training

International Franchise Association:	Yes
Canadian Franchise Association:	No
Franchisee Association/Member:	No
Size of Corporate Staff:	3000
Site Selection Assistance?	Yes
Lease Negotiation Assistance?	Yes
Financial Assistance?	No

Marketing Support:
Co-Op Advertising:	No
National Advertising:	No
Regional Advertising:	No
Local Advertising:	No
Marketing Materials:	None Specified
Additional Services:	None Specified
Other Marketing Support:	None Specified

On-Going Support:
Central Data Processing:	Included in Fees
Central Purchasing:	Included in Fees
Field Operation Evaluation:	Included in Fees
Field Training:	Included in Fees
Initial Store Opening:	Included in Fees
Inventory Control:	Included in Fees
Franchisee Newsletter:	Included in Fees
Regional or National Meetings:	At Additional Cost
800 Telephone Hotline:	Included in Fees

Training:
1. Operations Training Ft. Worth	3 Day
2. Mgr. Orientation Ft. Worth	1 Day
3. Opening	2 Week

Franchisee Qualifications

Ranked from 1 (unimportant) to 5 (important):

Financial Net Worth:	N/A
General Business Experience:	N/A
Specific Industry Experience:	N/A
Formal Education:	N/A
Psychological Profile:	N/A
Personal Interview(s):	N/A

Minority Representation

Units Owned by Minorities:
African-American:	2%
Asian-American:	2%
Hispanic:	4%
Native American:	2%
Other:	10% Middle East
Specific Minority:	Although we strongly support the objectives of the NMFI, we do not yet have any specific programs in place at this time.

Terms of Contract

Term of Initial Contract:	10 Year(s)
Term of Renewal Period:	10 Year(s)
Passive Ownership:	Allowed, But Discouraged
Area Development Agreements?	No
Sub-Franchising Contracts?	No
Franchisees Allowed to Expand Within Territory?	Yes

Expansion Plans

Projected New Units Over Next 12 months:

U.S.:	Yes, Northwest Southwest, SE
Canada:	No
Overseas:	No

Franchisor Background

Year Established:

Franchising Since:

IFA Member

Operating Units:

Geographic Distribution:

North America: