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Mr. Payroll
1600 W. 7th St.
Fort Worth, TX 76102-2500
800#:
Tel: (817) 335-1100
Fax: (817) 570-1721
E-Mail: [email protected]
Web Site: www.cashamerica.com
Contact: Mr. Mike Gaston, Executive Vice President
MR. PAYROLL provides financial services (check cashing, money orders, bill pay, wire transfer, etc.) to the un-banked
Franchisor Background
Established: 1988
First Franchise: 1991
Franchise Units: 134
Company-Owned Units: 6
Total Units: 140
Distribution:
U.S. -- 140;
Canada -- 0;
International -- 0
-North America -- Operations in 21 States
-States/Provinces with Greatest Density: 65 in TX, 16 in GA, 8 in NM
Projected New Units Over Next 12 months: NR
Franchisee Qualifications: , , , , ,
(Click here for an explanation)
Registered in Following Registration States: NR (Click here for an explanation)
Average Number of Employees: 1 FT, 1 PT (FT = Full Time, PT = Part Time)
Space Needs: 48 SF; Inside Retail Store
(Click here for abbreviations)
Encourage Conversion: NR
Financial Requirements
Cash Investment: $70-120K
Total Investment: $30-45K
Average Total Investment: $37.5K
Minimum Net Worth: $140K
Fees:
-Franchise: $10-30K
-Average Franchise Fee: $20.0K
-Royalty: 10%
-Average Royalty: 10.0%
-Advertising: 0%
Provide Earning Claim Statement: Yes
Terms of Contract
Term of Contract (Years): 10/10
Passive Ownership: Discouraged
Area Development Agreements: No
Sub-Franchising Contracts: No
Expand In Territory: Yes
Franchisor Support and Training Provided
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Financial Assistance: NR
Cooperative Advertising: Yes
International Franchise Association: IFA MEMBER
Canadian Franchise Association:
Franchisee Association / Member: No
Size Of Corporate Staff: 3,000+
On-Going Support: A,B,C,D,E,F,G,h,I (Click here for an explanation)
Training: 3 Day Operations Training Ft. Worth; 1 Day Mgr. Orientation Ft. Worth; 2 Weeks at Opening.
Franchisor's Specific Expansion Plans
U.S.: Northwest Southwest, SE
Canada: NR
Overseas: NR
Note: NR = No Response by Franchisor.
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