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NEED SOME CASH?
Cash Plus asks that question of its potential franchisees...and charities!
by P. Kelly Smith (reprinted from Entrepreneur Magazine, August 2001)
When Julie and Craig Wells bought Cash Plus, Inc., their goal was to make it more than just a financial services franchise. The pair had humanitarian ideals in mind, partnering with Save the Children, which sponsors underprivileged children around the world.
“Our goal is to sponsor ten children out of each of our stores,” says Craig, CEO and president. Some Cash Plus stores also offer discounts for bringing in canned foods, which are distributed to local food banks and rescue missions.
How did it all start? When Julie and Craig acquired Cash Plus in 1996, they had been looking at a variety of franchise opportunities. Craig had been in commercial real estate for thirteen years, and Julie had a background in marketing and PR. When the previous owners approached them about becoming franchisors of Cash Plus, they saw an opportunity. They were right: The franchise opened fourteen stores in 1996 alone.
Today, the company's services include check cashing, payday advances, international wire transfers and money orders. With more than seventy locations in nine states, Cash Plus earned sales of $18 million for 2000. And the franchise is still growing, opening thirty locations in the past eighteen months and on the lookout for middle-management types and current franchisees to become unit owners and charitable entrepreneurs.
“We're trying to do good within our community and be outstanding corporate citizens,” says Julie, COO. Sounds like they're right on the money.
More Cash Plus in the media...
CASH PLUS FRANCHISEE CALVIN YU'S STORY IN A BOOK
A savvy and useful book for prospective franchisees tells the story of Calvin Yu's strategy for selecting a franchise and why Cash Plus ended up at the top of his list! CLICK HERE
Recent Cash Plus News Releases...
CASH PLUS LAUNCHES IT'S GO-FOR-THE-GOLD $25,000 CASHAWAY SWEEPSTAKES
GIVEAWAY
Read about the eleventh edition of Cash
Plus' popular, one-of-a-kind giveaway program for customers
and their favorite charities in the official News Release (06-23-10). CLICK
HERE
CASH PLUS RANKED #59 IN 2010 FRANCHISE HOT 100
Read about Cash Plus grabbing a spot in the Franchise Hot 100 rankings for 2010. (3-15-10). CLICK HERE
CASHAWAY SWEEPSTAKES 10 WINNERS SELECTED
Read about the top three winners and their
favorite charities in the official News Release (11-6-09). CLICK
HERE
YET ANOTHER NEW CASH PLUS STORE OPENS ITS DOORS
The Cash Plus retail network continues to expand across the country. Read the official News Release about
the opening of the latest store location. CLICK HERE
CASH PLUS OFFERS FREE BOOKLET ON THE FINANCIAL HAZARDS OF PUNITIVE FEES
In simple, direct language our free You've Got Choices booklet identifies many of the often hidden financial hazards we all face in our daily lives, how they work and what they really cost us. Now, there's a downloadable electronic edition (10-31-08) available. CLICK HERE
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