Family Financial Centers vs Express Financial Centers Franchise Comparison

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

Start-Up Costs and Fees

 
Family Financial Centers Franchise
Express Financial Centers Franchise
Investment $153,710 - $307,010$45,600 - $223,500
Franchise Fee $40,500$14,500 - $34,500
Royalty Fee $275+/mo.$300/Mo. or 5%
Advertising Fee --
Year Founded 2004-
Year Franchised 2004-
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
Family Financial Centers Franchise
Express Financial Centers Franchise
Experience -We are looking for people who have great experience in running a business operation, but might or might not have started a business in the past.

Financing Options

 
Family Financial Centers Franchise
Express Financial Centers Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees Yes/Yes-/-
Start-up Costs Yes/Yes-/-
Equipment Yes/Yes-/-
Inventory No/No-/-
Receivables No/No-/-
Payroll No/No-/-

Training & Support

 
Family Financial Centers Franchise
Express Financial Centers Franchise
Training On-The-Job Training: 40+ hours Classroom Training: 40 hours Additional Training: Field training Classroom training and real in-store training at least two locations showing real market conditions
Support Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform *Assessing the market in your area for feasibility *Offering site selection options *Lease negotiations that include EFC and professional leasing companies representing you *Build-out options that allow you or EFC to ready the space *Licensing and Insurance application support *Store opening support including up to one week on site grand opening support *Part of the EFC membership program that allows customers to go to any EFC locations adding total portability and branding *Ongoing support for any questions as they come up. Live professionals helping you with issues *Internet lead support *Free software upgrades as released
Marketing Ad Templates SEO Website development Loyalty program/app Current working advertising programs
Operations --

Expansion Plans

 
Family Financial Centers Franchise
Express Financial Centers Franchise
US Expansion Yes-
Canada Expansion No-
International Expansion Yes-

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 Express Financial Centers

Express Financial Centers is a franchise company in the check cashing/payday loan segment. We operate no stores directly, but rely on our well qualified franchisee to run their store based upon our high standard. We are highly focused on building repeat clients At Express Financial Centers we can help enjoy the process of being your own boss with guidance at each step as you need it. That includes everything you need from the initial idea stage to the store opening and beyond. This includes: *Assessing the market in your area for feasibility *Offering site selection options *Lease negotiations that include EFC and professional leasing companies representing you *Build-out options that allow you or EFC to ready the space *Turnkey ready and all levels between *Licensing and Insurance application support *Classroom training and real in-store training at least two locations showing real market conditions *Store opening support including up to one week on site grand opening support *Marketing support that includes current working advertising programs *Part of the EFC membership program that allows customers to go to any EFC locations adding total portability and branding *Ongoing support for any questions as they come up. Live professionals helping you with issues *Internet lead support *Free software upgrades as released Express Financial Center gives you several franchise options to choose from: Full Service Store Front franchise - This is our complete store that includes the complete variety of services. Franchisee fee: $34,500. Estimated total investment $90,600 to $223,500. Royalty: The greater of $300 or 5% of the gross receipts. Usually 1,000 to 1,500 square feet and in retail shopping areas. Small Market Franchise or Store Kiosks - This is our store that for smaller markets or hard to place sites Franchisee fee: $14,500. Estimated total investment $45,600 to $89,500 Royalty: The greater of $300 or 5% of the gross receipts. Usually 750 to 1,000 square feet and in retail shopping area (Kiosks as low as 300 square feet). Express Financial Center conversion - Existing Payday lending/check cashing existing stores that wish to convert to the advantages and added products of EFC. Call for details. Multi-store plan - We have a great plan that gives you the right to buy additional franchisee locations over the next 12 months at reduced costs. Unlike many other franchise operators we allow you reserve an area and get your feet wet in the first location before paying for the future locations. Area Development - This gives a franchisee with significant resources and skills to market many stores to other in given markets. These markets are limited to certain areas.