Family Financial Centers vs Cash Plus Franchise Comparison

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

Start-Up Costs and Fees
 
Family Financial Centers Franchise
Cash Plus Franchise
Investment $153,710 - $307,010$198,000 - $539,800
Franchise Fee $40,500$35,000
Royalty Fee $275+/mo.5-6%
Advertising Fee -$300-$500/mo.
Year Founded 20041985
Year Franchised 20041988
Term Of Agreement -10 years
Term Of Agreement -10 years
Renewal Fee -$5000


Business Experience Requirements
 
Family Financial Centers Franchise
Cash Plus Franchise
Experience -
  • Friendly personal skills; some general business experience helpful; employee supervision experience a plus
    		•

    Financing Options
     
    Family Financial Centers Franchise
    Cash Plus Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees Yes/YesNo/Yes
    Start-up Costs Yes/YesNo/Yes
    Equipment Yes/YesNo/Yes
    Inventory No/NoNo/Yes
    Receivables No/NoNo/Yes
    Payroll No/NoNo/No

    Training & Support
     
    Family Financial Centers Franchise
    Cash Plus Franchise
    Training On-The-Job Training: 40+ hours Classroom Training: 40 hours Additional Training: Field training -
    Support Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives
    Marketing Ad Templates SEO Website development Loyalty program/appCo-op advertising, Ad slicks, National media
    Operations - 18% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 3

    Absentee ownership of franchise is allowed. (92% of current franchisees are owner/operators)

    Expansion Plans
     
    Family Financial Centers Franchise
    Cash Plus Franchise
    US Expansion YesYes
    Canada Expansion NoNo
    International Expansion YesNo

    Company Overviews

    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.
    WE DO IT ALL!
     *Market Evaluation
     *Site Selection
     *Turnkey "Store in a Box"
     *Project Management
     *Licensing
     *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

    About Cash Plus

    Founded in 1985, Tustin, California-based Cash Plus was acquired by Craig and Judy Wells in 1996. The company offers check cashing, payday advances, international wire transfers and money orders at its locations across the United States.Cash Plus is a privately-held franchise company in the family financial services industry. One of the industry's pioneers, our franchise and company-owned stores serve families in the $25-60,000 annual income range.
    The total investment required typically falls in the $198,200 to $284,700 range for a single store franchise, and $365,600 to $539,800 for three (3) new Cash Plus Express locations. You’ll also need a minimum net worth of $400,000, with $100,000 liquid.