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Below is an in-depth analysis and side-by-side comparison of Mr. Payroll vs Profit Maxers, The Business Growing Accountants including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $60,500 - $151,500 | $63,600 - $79,000 |
Franchise Fee | $10,000 - $30,000 | $35,000 |
Royalty Fee | 10-25% | 10% |
Advertising Fee | - | - |
Year Founded | 1989 | - |
Year Franchised | 1992 | - |
Term Of Agreement | 10 years | 10 years |
Term Of Agreement | 10 years | 10 years |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | Ideal franchise candidate will be an accountant. CPA preferred but not required. Franchise can be started part-time and home-based. | |
Financing Options |
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In-House/3rd Party | In-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 |
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Training | - | Franchisees will receive 7 days of training at corporate headquarters. |
Support | Newsletter, Toll-free phone line, Grand opening, Security/safety procedures, Field operations/evaluations | - |
Marketing | Co-op advertising, Ad slicks | �Social Media (Meetup.com, LinkedIn.com, etc.) �Business Seminars �Direct Mail �Company website �Internet pay-per-click �Newsletters �Brochures �Networking Events �Professional Printed Materials �Media Advertising |
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) | We have strategic alliances with other professional service providers. You have the option of performing services in-house, or you may outsource. Virtually all non-advisory services may be outsourced. |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | No | - |
International Expansion | No | - |
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!
PROFIT MAXERS, THE BUSINESS GROWING ACCOUNTANTS. Since 1997,
helping independent ventures be more fruitful through a wide exhibit of expert
duty, budgetary, and business consultative administrations. What do we do? More
or less, we help people and independent company proprietors KEEP THEIR BOOKS IN
ORDER, MINIMIZE TAXES, MAXIMIZE BUSINESS PROFITS, and MAXIMIZE PERSONAL WEALTH.
We offer the accompanying PROFIT-ENHANCING SMALL BUSINESS FINANCIAL MANAGEMENT
SERVICES: accounting, key expense arranging, assess arrangement, finance
preparing, business developments, business substance investigation, individual
monetary arranging, planning, money related proclamation examination,
showcasing counseling, quickbooks preparing/bolster, business arranging,
business valuations, and general business consultative administrations. Represent
considerable authority in independent ventures from start-up to $2 million a
year in deals, we serve customers in an expansive range of enterprises: car,
assembling and appropriation, development, social insurance, land, proficient
administrations, non-benefit, retail, eatery, transportation and trucking,
protection, music and excitement, people, and numerous different businesses. WE
SERVE COMPANIES NATIONWIDE. Associate with us now for a free, no-commitment
discussion. Give us a chance to demonstrate to you what we can accomplish for
you and your business.