Business Description

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

Franchisor Background

Year Established:  1988

Franchising Since:  1991

Operating Units:
Franchised Units:	134	95.7%
Company-Owned Units:	6	4.3%
Total Operating Units:	140	100.0%
Geographic Distribution: U.S.: 140 100% In 21 States Canada: 0 0% In 0 Canadian Provinces International: 0 0% In 0 Foreign Countries   Total: 140 100.0%

North America:
States/Provinces with the largest number of operating units:

Density	Units
1. Texas	65
2. New Mexico	8
3. Georgia	16

Registered in Following Registration States:

Financial Requirements

Investment:
Minimum Net Worth:	$140K
Cash Investment:	$70-120K
Total Investment:	$30-45K
Average Total Investment:	$38K
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): 48

Preferred Sites:

Other Sites: Inside Retail Store

Encourage Conversions? No

Earnings Claims Provided?: Yes

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
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
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
Expansion Plans
Projected New Units Over Next 12 months: U.S.: Yes, Northwest Southwest, SE Canada: No Overseas: No	Request Franchisor Info   Submit an online form to receive information from Mr. Payroll.