Cash Plus Inc.

At a Glance

Products & Services: Check cashing, payday advances & related services

Number of Locations: 59

Total Investment: $198.2K - $284.7K

Founded: 1985

Began Franchising: 1988

About Cash Plus Inc.

Founded in 1985, Tustin, California-based Cash Plus was acquired by Craig and Julie Wells in 1996. The company offers check cashing, payday advances, international wire transfers and money orders at its locations across the United States.

Franchise Units

Year U.S. Canadian International Company Owned
2011 57 0 0 2
2010 60 1 0 2
Where Seeking Franchisees: Franchisor is seeking new franchise units in the following states:
Arizona, California, Colorado, Florida, Idaho, Louisiana, Michigan, Missouri, Midwest, Nevada, Ohio, South, Virginia, West, Washington.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $198,200 - $284,700
Franchise Fee: $35,000
Ongoing Royalty Fee: 5-6%
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Net Worth: $400,000
Liquid Cash Available: $100,000
Operations
18% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 3. Absentee ownership of franchise is allowed. (92% of current franchisees are owner/operators).
Direct Capital
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 1 week. At franchisee's location: 1 week. Additional ongoing training : 90 days.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives, Lease Negotiation
Marketing Support: Co-op advertising, Ad slicks, National media,
Other marketing support: National sweepstakes

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