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Updated RecentlyMr. Payroll vs Succentrix Business Advisors Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Mr. Payroll vs Succentrix Business Advisors 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 | $38,600 - $49,700 |
| Franchise Fee | $10,000 - $30,000 | $24,900 |
| Royalty Fee | 10-25% | 7% |
| Advertising Fee | - | 1% |
| Year Founded | 1989 | 2014 |
| Year Franchised | 1992 | 2015 |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 10 years | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/Yes | -/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 | - | Classroom Training: 40 hours |
| Support | Newsletter, Toll-free phone line, Grand opening, Security/safety procedures, Field operations/evaluations | Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software |
| Marketing | Co-op advertising, Ad slicks | Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing |
| 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) | Number of Employees Required to Run: 1 |
Expansion Plans |
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| US Expansion | Yes | 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 Succentrix Business Advisors
As a Succentrix Business Advisors franchise owner you will own a business that not only rewards you with personal success but also serves your clients successfully in the marketplace.
With cutting edge cloud based systems not only will the services that you offer provide succinct business solutions but also results.
Succentrix Business Advisors franchise owners are a part of a concentric business system...home office is the center and you as the owner, are the ripple of effective solutions in your marketplace.
Your franchise of Succentrix Business Advisors will offer tax preparation, payroll services and business support to other entrepreneurs just like you. In other words, you will be helping people to reach their personal and professional dreams.
Whether you are coming from corporate America with the dream of owning your own business or you just graduated from college with the desire to work for yourself right out of the gate, our franchise model is strategically designed to fully support you.
$29,900 and you are a Succentrix franchise owner...being a part of our team is hard to put a price on.