Unicash Financial Centres vs United Check Cashing Franchise Comparison

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

Start-Up Costs and Fees

Unicash Financial Centres Franchise
United Check Cashing Franchise
Investment $110,000 - $150,000$226,000 - $297,000
Franchise Fee $25,000$30,000
Royalty Fee 5%Varies
Advertising Fee --
Year Founded 19921977
Year Franchised 19981992
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee $12.5K Cdn.-

Business Experience Requirements

Unicash Financial Centres Franchise
United Check Cashing Franchise
  • General business experience
  • -

    Financing Options

    Unicash Financial Centres Franchise
    United Check Cashing 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/YesYes/Yes
    Receivables No/NoYes/Yes
    Payroll No/NoYes/Yes

    Training & Support

    Unicash Financial Centres Franchise
    United Check Cashing Franchise
    Training --
    Support Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives

    United provides assistance in all aspects of the business including ongoing training, marketing support, customized point-of-sale system, accounting system and proprietary store management software.

    Marketing Co-op advertising-
    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
    United Check Cashing Franchise
    US Expansion --
    Canada Expansion No-
    International Expansion Yes-

    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 United Check Cashing

    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.