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Ace Cash Express
1231 Greenway Dr., # 600
Irving, TX 75038-2531
800#: (800) 713-3338
Tel: (972) 550-5110
Fax: (972) 582-1406
E-Mail: [email protected]
Web Site: www.acecashexpress.com
Contact: Mr. Herman Johnson, Franchise Qualifications
Cash in with the leader in retail financial services! ACE is a 34-year-old publicly-traded company operating and franchising over 900+ locations across 35 states. ACE offers customers a number of financial services, including check cashing, bill payments, money orders, wire transfers, short-term loans or cash advances, prepaid telecommunication products and other related services.
Franchisor Background
Established: 1968
First Franchise: 1996
Franchise Units: 188
Company-Owned Units: 1002
Total Units:1190
Distribution:
U.S. -- 1190;
Canada -- 0;
International -- 0
> North America -- Operations in 35 States
> States/Provinces with Greatest Density: 237 in TX, 53 in AZ, 44 MD
Projected New Units Over Next 12 months:120+
Franchisee Qualifications:5, 4, 2, 2, 4, 5
(for an explanation
click here)
Registered in Following Registration States: NR
Average Number of Employees: 2 FT (FT = Full Time, PT = Part Time)
Space Needs:NR SF; NR
(for abbreviations click here)
Financial Requirements
Cash Investment: $80K
Total Investment: $109-149K
Average Total Investment: $129K
Minimum Net Worth: $150K
Fees
>Franchise: $30K;
>Average Franchise Fee: $30K
>Royalty: 6%/$1K Min.
>Advertising: 2%
Provide Earning Claim Statement: Yes
Terms of Contract
Term of Contract (Years): 10/5
Passive Ownership: Discouraged
Area Development Agreements:Yes
Sub-Franchising Contracts: NR
Expand In Territory:Varies
Franchisor Support and Training Provided
Site Selection Assistance:Yes
Lease Negotiation Assistance: N/A
Cooperative Advertising: N/A
Franchisee Assoc. / Member: Yes/Yes
Size Of Corporate Staff: 280
On-Going Support: A,C,G,I (for an explanation click here)
Training: 10 Days Corporate Office (Excludes Travel and Lodging Expenses).
Franchisor's Specific Expansion Plans
U.S.: All United States
Canada: No
Overseas: No
Note: NR = No Response by Franchisor.
For a sample questionnaire click here.
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