Mr. Payroll Corp.
Check cashing, money orders, wire transfers, bill pay, ATM

About
Founded

1988

Franchising Since

1990 (28 Years)

Corporate Address

1600 W. 7th St.
Fort Worth, TX 76102

CEO

Dan Feehan

Financial Requirements
Initial Investment

$68,800 - $328,000

Net-worth Requirement

$200,000

Liquid Cash Requirement

$75,000

Ongoing Fees
Initial Franchise Fee

$10,000 - $10,000

Ongoing Royalty Fee

10%

Support Options
Ongoing Support

Toll-Free Line

Grand Opening

Online Support

Security/Safety Procedures

Field Operations

Classroom Training:

3 days

Absentee Ownership Allowed
Number of Employees Required to Run:

1 - 2

Bio
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.
Cost
Initial Investment: Low - $68,800 High - $328,000
Units

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units in the following regions/states:
Alabama, Arkansas, Arizona, Colorado, Florida, Georgia, Iowa, Kansas, Louisiana, Missouri, Mississippi, Montana, Nebraska, North Carolina, New Mexico, Nevada, Ohio, Oklahoma, Pennsylvania, South Carolina, Texas, West Virginia
Franchise Financing
Using 401(K)/IRA Funds
  • Tax Penalty-Free
  • Debt Free
  • Expert Guidance
Learn More

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.
Updated: June 26th, 2015
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