United Check Cashing

At a Glance

Products & Services: Check cashing and other financial services

Number of Locations: 107

Total Investment: $226K - $297K

Founded: 1977

Began Franchising: 1991

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
2014 107 0 0 0
2013 113 0 0 0
2012 120 0 0 0
2011 126 0 0 0
2010 130 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.
Direct Capital

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
Veteran Incentives: 25% off franchise fee
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).
Direct Capital
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, Lease Negotiation
Marketing Support: Co-op advertising, Ad slicks, National media, Regional advertising,

Franchise Ranking History

Franchise 500®: #484 (2013), #453 (2012), #439 (2011), #433 (2010),

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