Mr. Payroll vs Ledgers Canada Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Mr. Payroll vs Ledgers Canada including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Mr. Payroll Franchise
Ledgers Canada Franchise
Investment $60,500 - $151,500$30,000
Franchise Fee $10,000 - $30,000$20,000
Royalty Fee 10-25%-
Advertising Fee --
Year Founded 19891994
Year Franchised 19921996
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee --


Business Experience Requirements

 
Mr. Payroll Franchise
Ledgers Canada Franchise
Experience
  • General business experience
  • Customer service skills
  • -

    Financing Options

     
    Mr. Payroll Franchise
    Ledgers Canada Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/Yes-/-
    Start-up Costs No/Yes-/-
    Equipment No/Yes-/-
    Inventory No/No-/-
    Receivables No/No-/-
    Payroll No/No-/-

    Training & Support

     
    Mr. Payroll Franchise
    Ledgers Canada Franchise
    Training --
    Support Newsletter, Toll-free phone line, Grand opening, Security/safety procedures, Field operations/evaluations-
    Marketing Co-op advertising, Ad slicks-
    Operations 39% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 2

    Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators)

    -

    Expansion Plans

     
    Mr. Payroll Franchise
    Ledgers Canada Franchise
    US Expansion Yes-
    Canada Expansion NoNo
    International Expansion NoNo

    Company Overviews

    About Mr. Payroll

    If you have a strong understanding of the financial and operational requirements of running a business and are interested in opening a franchise with a recognized brand name, you've come to the right place! Cash America offers franchising opportunities through its brand, Mr. Payroll. Why choose a Mr. Payroll franchise? With Mr. Payroll, you'll get: *Instant recognition *As part of the Cash America International, Inc. family of companies, Mr. Payroll is one of the most recognized names in the check-cashing industry. *An established, outstanding reputation*Mr. Payroll is well-known for its professional and courteous customer service. *An abundance of knowledge at your fingertips *Mr. Payroll knows how to create attractive and well-organized units. In addition, Mr. Payroll's Licensed System keeps you at the leading edge of technology and provides you with the information you need to get started. *Franchised site within an assigned territory *Proven business practices *Strategic management consultation from industry experts *License to utilize Mr. Payroll's trademarks, store decor, signs and images *Assistance with advertising/marketing campaigns and materials, as requested *Store design, construction services and fixture supply In addition, a Mr. Payroll check-cashing franchise may: *Increase the profile of your business *Free up your sales counter for more efficient operations. Get Started on your journey of discovery!

    About Ledgers Canada

    Ledgers Franchise owners provide a comprehensive suite of services to small businesses, their owners and the general public. Services range from bookkeeping, payroll and personal income taxes to Corporate financial statement preparation and tax returns. Trained and supported by a team of Accounting Professionals including CA's, CGA's and CMA's, Ledgers Network Members are changing the scope of small business services across North America.