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2021 Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$226K - $297K
Units as of 2015
97 -19.2% over 3 years

Company Overview

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.

About United Check Cashing

Founded
1977
Leadership
John Leonard, CEO

Franchising Overview

Franchising Since
1991 (30 years)
# of employees at HQ
15
Where seeking

This company is seeking new franchisees in the following US states: Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Missouri, Mississippi, Montana, North Carolina, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Vermont, Washington, West Virginia, Wyoming

# of Units
97 (as of 2015)

Franchisor Information

Corporate Address
325 Chestnut St., #3000
Philadelphia, PA 19106

Information for Franchisees

Here’s what you need to know if you’re interested in opening a United Check Cashing 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
$30,000
Initial Investment
$226,000 - $297,000
Net Worth Requirement
$350,000
Cash Requirement
$120,000
Veteran Incentives
25% off franchise fee
Royalty Fee
Varies
Ad Royalty Fee
$1K/yr.
Term of Agreement
15 years
Is franchise term renewable?
Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing
United Check Cashing has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment

Training & Support Offered

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

On-The-Job Training
1 week
Classroom Training
2 weeks
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Marketing Support
Co-op Advertising
Ad Templates
National Media
Regional Advertising

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
2
Are exclusive territories available?
Yes

Franchise 500 Ranking History

Compare where United Check Cashing 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