United Check Cashing

Check cashing & other financial services

Background

Founded: 1977 Franchising since: 1991
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.

325 Chestnut St., #3000
Philadelphia, Pennsylvania 19106

Phone:
(215)238-0300

Franchisor is a privately-held company with 15 employee(s); 15 employee(s) in franchise department.

Franchise Growth

Year	U.S. Franchises	Canadian Franchises	Foreign Franchises	Company Owned
2009	138	0	0	0
2008	141	0	0	0
2007	141	0	0	0
2006	140	0	0	0
2005	144	0	0	0

Where Seeking Franchisees
In the U.S. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Missouri, Mississippi, Montana, Nebraska, North carolina, Northeast, New hampshire, New jersey, New mexico, Nevada, New york, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode island, South, South carolina, Southeast, Tennessee, Texas, Utah, Virginia, Vermont, West, Washington, West virginia, Wyoming

Exclusive territories available.
Territory size: 1/8-1/2-mile radius

Costs and Fees

Total investment: $229.5K-282K
Franchise fee: $30K

Ongoing royalty fee: Varies
Term of agreement: 15 years, renewable

Express/kiosk option available

Type of Financing Available

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

Third-party financing source(s): the SBA & other lenders

Qualifications
Net worth requirement: $400K
Cash liquidity requirement: $100K
Business Experience:

General business experience

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)