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Franchise 500 2023
Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$69K - $328K
Units as of 2014
91 Decrease

Company Overview

Mr. Payroll was started in 1988 in Amarillo, Texas, to offer check-cashing services to customers who didn't have checking accounts. In 1990, Mr. Payroll began offering franchises. In 1994, it became an affiliate of Cash America, and today in addition to check cashing, Mr. Payroll locations also offer bill payments, money orders, money transfers and pre-paid debit cards.

About Mr. Payroll Corp.

Industry Financial Services
Related Categories Miscellaneous Financial Services
Founded 1988
Leadership Dan Feehan, CEO
Corporate Address 1600 W. 7th St.
Fort Worth, TX 76102

Business Overview

Franchising Since 1990 (34 years)
# of employees at HQ 400
Where seeking

This company is offering new franchises throughout the US.

# of Units 91 (as of 2014)

Information for Franchisees

Here's what you need to know if you're interested in opening a Mr. Payroll Corp. franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Information Circle
$10,000
Initial Investment Information Circle
$68,800 - $328,000
Net Worth Requirement Information Circle
$200,000
Cash Requirement Information Circle
$75,000
Royalty Fee Information Circle
10%
Term of Agreement Information Circle
10 years
Is franchise term renewable? Yes
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Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

Classroom Training 3 days
Ongoing Support
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations

Operations

Additional details about running this franchise.

Is absentee ownership allowed? Yes
Can this franchise be run from home/mobile unit? Information Circle
No
Can this franchise be run part time? Information Circle
No
# of employees required to run 1-2
Are exclusive territories available? Information Circle
Yes
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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022