Unicash Financial Centres vs Family Financial Centers Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Unicash Financial Centres vs Family Financial Centers including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

Unicash Financial Centres Franchise
Family Financial Centers Franchise
Investment $110,000 - $150,000$153,710 - $307,010
Franchise Fee $25,000$40,500
Royalty Fee 5%$275+/mo.
Advertising Fee --
Year Founded 19922004
Year Franchised 19982004
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee $12.5K Cdn.-

Business Experience Requirements

Unicash Financial Centres Franchise
Family Financial Centers Franchise
  • General business experience
  • -

    Financing Options

    Unicash Financial Centres Franchise
    Family Financial Centers Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/NoYes/Yes
    Start-up Costs No/NoYes/Yes
    Equipment No/YesYes/Yes
    Inventory No/YesNo/No
    Receivables No/NoNo/No
    Payroll No/NoNo/No

    Training & Support

    Unicash Financial Centres Franchise
    Family Financial Centers Franchise
    Training - On-The-Job Training: 40+ hours Classroom Training: 40 hours Additional Training: Field training
    Support Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperativesNewsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
    Marketing Co-op advertisingAd Templates SEO Website development Loyalty program/app
    Operations 35% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 2

    Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)


    Expansion Plans

    Unicash Financial Centres Franchise
    Family Financial Centers Franchise
    US Expansion -Yes
    Canada Expansion NoNo
    International Expansion YesYes

    Company Overviews

    About Unicash Financial Centres

    Unicash opened its first retail store in 1990, and grew as an organization of retail outlets which cash cheques for the public -for a fee. Unicash prides itself on having its outlets cashing virtually every kind of cheque at one of the most competitive rates in the Canadian cheque cashing industry.

    In addition to cashing cheques, the Unicash outlets offer a variety of other services such as Western Union money transfer, currency exchange, bill payments, sale of money orders and mail box rentals, just to name a few.

    In recent years, Unicash Mercantile has successfully established itself as a specialized foreign exchange service provider to small and medium sized businesses. As business expands across the globe, the need for foreign currency, as well as secure and efficient funds transfers become a corner stone for many enterprises. Unicash Mercantile is the solution for all your foreign exchange needs.

    About Family Financial Centers

    FAMILY FINANCIAL CENTERS (FFC) FRANCHISE was developed to address the market opportunity created by the loss of neighborhood branch banks and the sub-standard response by current alternative financial service providers. FAMILY FINANCIAL CENTERS, unlike the traditional check cashing and payday loan companies, are not located in the war zones and poorer parts of town. FFC is positioned in the first and second tier suburbs where the middle-income customer has firmly established himself and is looking for a provider that can give him the ambience and professional service of a local bank, but in a manner that meets his specific needs. FFC stores are located in attractive suburban strip centers that are convenient to the customers home or work. The store presentation is a bank-like setting with the latest computer systems and transactional software that allow for quick and efficient service, and security systems that are state of the art but don't sacrifice customer contact and owner comfort. The franchise marketing programs promote a full menu of financial products to the communities they are serving. Because most of the industry is not aware of or committed to the fundamentals of branding, marketing, and automated systems, FFC franchisees can exploit these areas as its competitive advantage to attract and build market share with a consumer base that is eager for a quality service provider. Additionally, FFC will be very active in developing new products and services that its franchisees can then market to their existing customer base, further cementing that relationship and differentiating the FFC brand from the rest of the pack. Finally, and perhaps most importantly, franchisees have an experienced corporate management team with a support staff that can properly set up their stores and provide the training they need to launch their businesses, and work with them on an ongoing basis to successfully build those businesses.
     *Market Evaluation
     *Site Selection
     *Turnkey "Store in a Box"
     *Project Management
     *Classroom and in-store Training
     *Ongoing Support
     *Financing Assistance
    * If you're looking for a single source solution for researching, developing and opening your store, FFC is the place for you. We will lead you through the maze of starting a business from initial discussion to store opening and support you thereafter. We're there each step of the way. 

    Veteran Incentives  10% off franchise fee