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Updated RecentlyUnited Financial Services Group vs American Lenders Service Company Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of United Financial Services Group vs American Lenders Service Company including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $202,000 - $261,000 | $50,000 - $513,000 |
| Franchise Fee | $30,000 | $5,000 |
| Royalty Fee | 0.2% | - |
| Advertising Fee | - | - |
| Year Founded | 1977 | - |
| Year Franchised | 1991 | - |
| Term Of Agreement | 15 years | - |
| Term Of Agreement | 15 years | - |
| Renewal Fee | 25% of then current 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/No | -/- |
| Start-up Costs | No/Yes | -/- |
| Equipment | No/Yes | -/- |
| Inventory | No/Yes | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
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| Training | - | - |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | - |
| Marketing | Co-op advertising, Ad slicks, Regional advertising | - |
| Operations |
5% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators) | - |
Expansion Plans |
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| US Expansion | Yes | - |
| Canada Expansion | No | - |
| International Expansion | No | - |
Company Overviews
About United Financial Services Group
As one of the oldest franchisors of this model, United offers established operating procedures, proven products and services, solid training and support, a well-founded technology platform, a professional brand identity and marketing program, and the advantages that come from years of experience. With a franchise, you spend the majority of your time developing your business rather than figuring out how to operate it. Our turnkey system helps you develop the appropriate retail environment, master the operations, promote your business and stay up to date with the evolving environment.
United’s proven franchise system is an integrated program designed to make your entrance into the money service business easier than doing it on your own.
United Financial Services Group was founded in 1977 and began franchising in 1991. It has more than 80 locations throughout the United States and is based in Philadelphia.About American Lenders Service Company
American Lenders Service Company is the leading provider of collateral
recovery services. We are capable of servicing and skip-tracing a
lender’s loan account in default regardless of the whereabouts of the
collateral. We also deal with repossession,
investigations, and remarketing. To qualify for a franchise you
need a minimum net worth of $50,000 and at least grade 12 education. You must also have no
criminal record and a clean driving record. You also need to have money management and business skills, good communication skills, a basic knowledge of the automotive
industry and mechanical equipment.