ACE America's Cash Express
Check cashing & related financial servicesBackground
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.
Franchisor is a publicly-held company with 2100 employee(s); 10 employee(s) in franchise department.
Franchise Growth
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
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 |
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
Ongoing Support
Marketing Support
- 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