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Units as of 2014
91 (28 lost in 3 years)
30.8%
2021 Franchise 500 Rank
N/R Not ranked last year
Initial investment
$69K - $328K

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.

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About Mr. Payroll Corp.

Founded
1988
Leadership
Dan Feehan, CEO

Franchising Overview

Franchising Since
1990 (31 years)
# of employees at HQ
400
Where seeking

This company is seeking new franchisees in the following US states: Alabama, Arkansas, Arizona, Colorado, Florida, Georgia, Iowa, Kansas, Louisiana, Missouri, Mississippi, Montana, North Carolina, Nebraska, New Mexico, Nevada, Ohio, Oklahoma, Pennsylvania, South Carolina, Texas, West Virginia

# of Units
91 (as of 2014)

Franchisor Information

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

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
$10,000
Initial Investment
$68,800 - $328,000
Net Worth Requirement
$200,000
Cash Requirement
$75,000
Royalty Fee
10%
Term of Agreement
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?
No
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
# of employees required to run
1
Are exclusive territories available?
Yes

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Franchise 500 Ranking History

Compare where Mr. Payroll Corp. landed on this year’s Franchise 500 Ranking versus previous years.

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021
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