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Mr. Payroll Corp.

2012 Franchise 500
#414
At a Glance

Products & Services: Check cashing & money orders

Number of Locations: 119

Total Investment: $75.3K - 326.5K

Founded: 1988

Began Franchising: 1990

Public Owned

Franchise Units

Year U.S. Canadian International Company Owned
2011 113 0 0 6
2010 120 0 0 6
2009 124 0 0 5
2008 130 0 0 5
Where Seeking Franchisees: Franchisor is seeking new franchise units in the following states:
Alabama, Arkansas, Arizona, Colorado, Florida, Georgia, Iowa, Kansas, Louisiana, Missouri, Mississippi, Montana, Midwest, Nebraska, North Carolina, Northeast, New Mexico, Nevada, Ohio, Oklahoma, Pennsylvania, South, South Carolina, Southeast, Southwest, Texas, West, West Virginia.

Startup Costs, Ongoing Fees and Financing

Total Investment: $75,300 - $326,500
Franchise Fee: $10,000
Ongoing Royalty Fee: 10%+
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
Net Worth: $200,000
Liquid Cash Available: $75,000
Operations
38% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 1 - 2. Absentee ownership of franchise is allowed..

How This Franchise Supports Franchisees

Training: Available at headquarters: 3 days.
Ongoing Support: Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations,

Franchise Ranking History

Franchise 500®: #414 (2012), #381 (2011), #410 (2010), #347 (2009),