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Here are some basic facts about the Cash Plus franchise.
SINGLE AND MULTIPLE UNITS
There are several ways you can become a Cash Plus franchisee. Most of our operators are part of either our Single Unit Program and our Area Development Program. Area Developers have the option of opening additional stores in specific areas. A significant number of our franchisees have opened multiple stores.
EXPRESS UNITS, TOO!
If you’re a business owner operating an existing retail location, we can show you how to significantly increase your sales and profits. Sound interesting? The Cash Plus Express Plan allows you to sell highly profitable and recession resistant financial services and products in as little as 150 square feet of space.
WHAT WE MARKET
Cash Plus family financial centers deliver a mix of services that includes check
cashing, payday advance loans, money orders, wire transfers and more. Our marketing
machine pulls customers in and our “Kings & Queens” service keeps them coming
back. For details on our services, CLICK HERE.
OUR CUSTOMER BASE
Our customers are men and women of all ages with annual incomes that range to
$70,000 and beyond. They're ethnically diverse folks who are trying to capture
their piece of the American dream. Most have steady jobs and are supporting families.
A good many are what we call “not quite enough” customers; part of
the 55% of Americans who live paycheck to paycheck. Our business is to make the
financial lives of these 155 million Americans a little easier and more convenient.
FINANCIAL QUALIFICATIONS
What does it cost to open a Cash Plus franchise store? The total investment required
typically falls in the $190,200 to $269,700 range for a single store franchise, and $365,600 to $539,800 for three (3) new Cash Plus Express locations. You'll also need a minimum net worth of $400,000, with $100,000 liquid.
Can you
make money? You probably know the rules by now: by law, we can't show you financial
projections. Know this, however: if you qualify, you’ll learn a lot more about
the business at our Discovery Day (see our NEXT
STEPS page).
And you'll have plenty of opportunities to talk to our franchisees about their
own experiences.
HOW TO CONTACT US
Brooke Blomstrom or Pam Adamson (see our NEXT
STEPS page) in our Franchise Development Group can answer your questions. Here's how to contact them:
Toll free 1-888-707-2274
Brooke Blomstrom email bblomstrom@cashplusinc.com
Pam Adamson email padamson@cashplusinc.com
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Whatever you want
to call it, this is a growth industry with a future!
You may have read about check cashing franchises, payday loan franchises and payday advance franchises. Just so you know, they're usually referring to the same type of business.
A Cash Plus franchise provides those popular services and more. We call our retail
units family financial service centers for good reasons: we deliver our legendary
“Kings & Queens” service to millions and millions of middle income Americans
who prefer our level of convenience and service.
We like to say we're about as close to a bank as you can get in franchising,
but for our customers who have been underserved by banks, we're a lot more.
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