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Unicash Financial Centres

Check cashing & related services

Background

Founded: 1992 Franchising since: 1998
Unicash was founded in 1990 and introduced franchising in 1998. The Unicash Group owns and operates several units throughout Toronto, Ontario, where the company is based.
5075 Yonge St., #401
Toronto, Ontario M2N 6C6
Phone:
(416)250-8661


Franchisor has 10 employee(s); 3 employee(s) in franchise department.

Where Seeking Franchisees
Not available in the U.S.

Exclusive territories available.

Costs and Fees

Total investment: $110K-150K
Franchise fee: $25K
Ongoing royalty fee: 5%
Term of agreement: 10 years, renewable


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

Third-party financing source(s): various sources

Qualifications
Net worth requirement: $300K
Cash liquidity requirement: $100K
Business Experience:
  • General business experience

Operations
  • 35% of all franchisees own more than one unit
  • Number of employees needed to run franchised unit: 2
  • Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

Training and Support

Training
  • Available at headquarters: 1 week
  • At franchisee's location: 1 week

Ongoing Support
  • Meetings
  • Grand opening
  • Internet
  • Security/safety procedures
  • Field operations/evaluations
  • Purchasing cooperatives

Marketing Support
  • Co-op advertising

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