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Below is an in-depth analysis and side-by-side comparison of ACE America's Cash Express vs Cash-X including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $143,200 - $279,100 | $50,000 |
Franchise Fee | $15,000 - $30,000 | $25,000 - $50,000 |
Royalty Fee | 6% | - |
Advertising Fee | - | - |
Year Founded | 1968 | 2001 |
Year Franchised | 1996 | 2001 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | $500 | - |
Business Experience Requirements |
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Experience | - | |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | -/- |
Start-up Costs | No/No | -/- |
Equipment | No/No | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | - | - |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | - |
Marketing | Co-op advertising, Ad slicks | - |
Operations |
Number of employees needed to run franchised unit: 2 Absentee ownership of franchise is allowed. (97% of current franchisees are owner/operators) | - |
Expansion Plans |
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US Expansion | - | - |
Canada Expansion | No | No |
International Expansion | No | No |
Founded in 1968, ACE Cash Express is headquartered in Irving, Texas and has locations throughout the U.S. Stores provide financial services such as money orders, small consumer loans, bill payment services, and prepaid local and long-distance telecommunications services.
The public company is traded on the NASDAQ under the AACE symbol.
Cash-X is a rapidly growing payday loan and cheque cashing franchise offering unique systems and technological advantages in the marketplace. Cash-X is the leader in E-lending, utilizing low overhead methods of distribution and robust technology to gain strategic advantages.