Mr. Payroll vs Lease One Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Mr. Payroll vs Lease One including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Mr. Payroll Franchise
Lease One Franchise
Investment $60,500 - $151,500$19,900
Franchise Fee $10,000 - $30,000N/A
Royalty Fee 10-25%-
Advertising Fee --
Year Founded 19891989
Year Franchised 19920
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee --


Business Experience Requirements
 
Mr. Payroll Franchise
Lease One Franchise
Experience
  • General business experience
  • Customer service skills
    		• No prior experience in this industry will be necessary for you to succeed. Our three-day training class will provide adequate preparation for you to start working immediately. If you have an entrepreneurial spirit and the desire to be self-employed, your boundaries will be without limits. You should also feel confident in knowing that once you leave our training facility, you will have the ongoing and dedicated support of the Lease One Team.

    Financing Options
     
    Mr. Payroll Franchise
    Lease One Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/Yes-/-
    Start-up Costs No/Yes-/-
    Equipment No/Yes-/-
    Inventory No/No-/-
    Receivables No/No-/-
    Payroll No/No-/-

    Training & Support
     
    Mr. Payroll Franchise
    Lease One Franchise
    Training --
    Support Newsletter, Toll-free phone line, Grand opening, Security/safety procedures, Field operations/evaluations-
    Marketing Co-op advertising, Ad slicks-
    Operations 39% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 2

    Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators)

    		As an Associate, your main responsibility will be to obtain lease applications from businesses interested in leasing commercial equipment. Once you assist your clients in filling out our simple one-page application, all you have to do is fax or email the information to us. At this point, the Lease One Team takes over, working diligently to approve and fund your deal. While we handle the more intricate parts of the leasing process, you will be able focus 100% of your time on generating new businesses.

    Expansion Plans
     
    Mr. Payroll Franchise
    Lease One Franchise
    US Expansion Yes-
    Canada Expansion No-
    International Expansion No-

    Company Overviews

    About Mr. Payroll

    If you have a strong understanding of the financial and operational requirements of running a business and are interested in opening a franchise with a recognized brand name, you've come to the right place! Cash America offers franchising opportunities through its brand, Mr. Payroll. Why choose a Mr. Payroll franchise? With Mr. Payroll, you'll get: *Instant recognition *As part of the Cash America International, Inc. family of companies, Mr. Payroll is one of the most recognized names in the check-cashing industry. *An established, outstanding reputation*Mr. Payroll is well-known for its professional and courteous customer service. *An abundance of knowledge at your fingertips *Mr. Payroll knows how to create attractive and well-organized units. In addition, Mr. Payroll's Licensed System keeps you at the leading edge of technology and provides you with the information you need to get started. *Franchised site within an assigned territory *Proven business practices *Strategic management consultation from industry experts *License to utilize Mr. Payroll's trademarks, store decor, signs and images *Assistance with advertising/marketing campaigns and materials, as requested *Store design, construction services and fixture supply In addition, a Mr. Payroll check-cashing franchise may: *Increase the profile of your business *Free up your sales counter for more efficient operations. Get Started on your journey of discovery!

    About Lease One

    Become a part of the fastest growing segment of Financial Services today! We are Lease One and we offer commercial equipment financing for all businesses across the country. Join us in servicing a $270 billion industry by becoming a part of the Lease One Family. As 8 out of every 10 businesses lease equipment, our Associates are right there providing those customers with top notch service and the money they need to make their businesses flourish. With a low investment cost it isn't hard to see why Lease One Associates are maximizing their investment and enjoying a life-style they have always wished for. Our time tested business model and support system allows individuals to become successful entrepreneurs. Please browse this informative site and feel free to call us today and start your journey towards financial freedom.
    We are Lease One and "It's The Lease We Can Do!" A seminar, a how-to manual and the names of a handful of funding sources are simply not enough to succeed in the leasing industry! Developing the right programs and building a network of lending options - including rate shopping and negotiating - is all part of a complex process that takes time to learn. Sales and marketing skills are also simply not enough to ensure a successful brokerage. What you need are the resources of Lease One! We have what it takes to process and handle the finer details of each transaction, as well as a staff that is dedicated to closing your deals at a high success rate! But how much does a business opportunity like Lease One's cost? Some people say that a single idea can be worth a million dollars. At Lease One we agree, but our business opportunity costs less - a lot less! A one-time investment of only $19,900 will provide a tremendous amount of resources for such a small amount of money! And remember, we are not a franchise, so there will be no royalties or any future expenses of any kind!