Cash Plus vs United Check Cashing Franchise Comparison

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

Start-Up Costs and Fees
 
Cash Plus Franchise
United Check Cashing Franchise
Investment $198,000 - $539,800$226,000 - $297,000
Franchise Fee $35,000$30,000
Royalty Fee 5-6%Varies
Advertising Fee $300-$500/mo.-
Year Founded 19851977
Year Franchised 19881992
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee $5000-


Business Experience Requirements
 
Cash Plus Franchise
United Check Cashing Franchise
Experience
  • Friendly personal skills; some general business experience helpful; employee supervision experience a plus
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    Financing Options
     
    Cash Plus Franchise
    United Check Cashing Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/YesYes/Yes
    Start-up Costs No/YesYes/Yes
    Equipment No/YesYes/Yes
    Inventory No/YesYes/Yes
    Receivables No/YesYes/Yes
    Payroll No/NoYes/Yes

    Training & Support
     
    Cash Plus Franchise
    United Check Cashing Franchise
    Training --
    Support Newsletter, Meetings, Toll-free phone line, 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, 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)

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    Expansion Plans
     
    Cash Plus Franchise
    United Check Cashing Franchise
    US Expansion Yes-
    Canada Expansion No-
    International Expansion No-

    Company Overviews

    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.

    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.