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ACE America's Cash Express

Check cashing & related financial services

Background

Founded: 1968 Franchising since: 1996
Founded in 1968, ACE Cash Express is headquartered in Irving, Texas and has locations throughout the U.S. Stores provide financial services such as money orders, small consumer loans, bill payment services, and prepaid local and long-distance telecommunications services.

The public company is traded on the NASDAQ under the AACE symbol.

1231 Greenway Dr., #600
Irving, Texas 75038
Phone:
(800)713-3338

Franchisee Association
Franchise Advisory Board

Franchisor is a publicly-held company with 2100 employee(s); 10 employee(s) in franchise department.

Franchise Growth
Year U.S. Franchises Canadian Franchises Foreign Franchises Company Owned
2006 220 0 0 1353
2005 220 0 0 1,142

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North carolina, North dakota, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South carolina, South dakota, Tennessee, Texas, United states, Utah, Virginia, Vermont, Washington, Wisconsin, West virginia, Wyoming

Exclusive territories available.
Territory size: Varies by market size

Costs and Fees

Total investment: $141.6K-282.95K
Franchise fee: $15K-30K
Ongoing royalty fee: 6%
Term of agreement: 10 years, renewable
Express/kiosk option available

Type of Financing Available
In-House Third Party
Franchise Fee No Yes
Startup Costs No Yes
Equipment No Yes
Inventory No Yes
Accounts Receivable No No
Payroll No No

Qualifications
Net worth requirement: $250K
Cash liquidity requirement: $80K
Business Experience:
  • General business experience

Operations
  • Number of employees needed to run franchised unit: 2
  • Absentee ownership of franchise is allowed. (97% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters: 2 weeks
  • At franchisee's location: 5 days

Ongoing Support
  • Newsletter
  • Meetings
  • Toll-free phone line
  • Grand opening
  • Internet
  • Security/safety procedures
  • Field operations/evaluations
  • Purchasing cooperatives

Marketing Support
  • Co-op advertising
  • Ad slicks

Rankings

Franchise 500® rank:
#66 (2007); #70 (2006); #74 (2005);

Ranked #1 in category in:
2007; 2006; 2005;


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