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
Private Owned
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 |
| 2009 | 63 | 1 | 0 | 2 |
| 2008 | 79 | 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.
Arizona, California, Colorado, Florida, Idaho, Louisiana, Michigan, Missouri, Midwest, Nevada, Ohio, South, Virginia, West, Washington.
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
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).| Financing Type | In-House | Third Party |
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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,
Marketing Support: Co-op advertising, Ad slicks, National media,
Other marketing support: National sweepstakes