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United Check Cashing
400 Market St., # 1030
Philadelphia, PA 19106
800#: (800) 626-0787
Tel: (215) 238-0300
Fax: (215) 238-9056
E-Mail: [email protected]
Web Site: www.unitedcheckcashing.com
Contact: Mr. Bruce Chamberlin, President of Development
It may be surprising to most people that 20 to 30% of Americans have no formal banking relationship. Most of these hard working people need a service that will give them immediate access to the cash they need. Even those Americans with established banking patterns are discovering the convenience of the alternative financial services industry. Our customers need more convenient hours than most banks provide. Our industry is happy to provide for these customers.
Franchisor Background
Established: 1977
First Franchise: 1992
Franchise Units: 122
Company-Owned Units: 3
Total Units: 125
Distribution:
U.S. -- 100;
Canada -- 0;
International -- 0
�North America -- Operations in 13 States
�States/Provinces with Greatest Density: 41 in PA, 37 in NJ, 5 in DE
Projected New Units Over Next 12 months:20
Franchisee Qualifications:5, 3, 2, 2, 4, 5
(Click here for an explanation)
Registered in Following Registration States: All States
Average Number of Employees: 1 FT, 2 PT (FT = Full Time, PT = Part Time)
Space Needs: 1000-1200 SF; SC
(Click here for abbreviations)
Encourage Conversion: Yes
Financial Requirements
Cash Investment: $50-75K
Total Investment: $186.5K
Average Total Investment: $186.5K
Minimum Net Worth: $200K
Fees
�Franchise: $24.5K;
�Average Franchise Fee: $24.5K
�Royalty: 0.002% of Volume
�Advertising: 3% income
Provide Earning Claim Statement: Yes
Terms of Contract
Term of Contract (Years): 15/15
Passive Ownership: Discouraged
Area Development Agreements: Yes/Negot.
Sub-Franchising Contracts: No
Expand In Territory: Yes
Franchisor Support and Training Provided
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Financial Assistance: Yes(I)
Cooperative Advertising: Yes
Franchisee Association / Member: Yes/No
Size Of Corporate Staff: 16
On-Going Support: A,C,D,E,G,H,I (Click here for an explanation)
Training: 1 Week Corporate Headquarters; 1 Week on Premises.
Franchisor's Specific Expansion Plans
U.S.: All United States
Canada: No
Overseas: No
Note: NR = No Response by Franchisor.
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