United Check Cashing

#453

At a Glance

Products & Services: Check cashing & other financial services

Number of Locations: 126

Total Investment: $226K - 297K

Founded: 1977

Began Franchising: 1991

Private Owned

About United Check Cashing

United Financial Services Group was founded in 1977 and began franchising in 1991. It has more than 80 locations throughout the United States and is based in Philadelphia.

Franchise Units

Year	U.S.	Canadian	International	Company Owned
2011	126	0	0	0
2010	130	0	0	0
2009	138	0	0	0
2008	141	0	0	0

Where Seeking Franchisees: Franchisor is seeking new franchise units in the following states:
Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Missouri, Mississippi, Montana, Midwest, Nebraska, North Carolina, Northeast, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South, South Carolina, Southeast, Southwest, Tennessee, Texas, Utah, Virginia, Vermont, West, Washington, West Virginia, Wyoming.

Startup Costs, Ongoing Fees and Financing

Total Investment: $226,000 - $297,000
Franchise Fee: $30,000
Ongoing Royalty Fee: Varies
Term of Franchise Agreement: 15 years, renewable

Financial Requirements

Net Worth: $350,000
Liquid Cash Available: $120,000

Operations

25% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 2 - 3. Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators).

Financing Type	In-House	Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 2 weeks. At franchisee's location: 1 week.

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, Regional advertising,