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Below is an in-depth analysis and side-by-side comparison of Mr. Payroll vs Accountables including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $60,500 - $151,500 | $19,125 - $22,300 |
Franchise Fee | $10,000 - $30,000 | $9,900 |
Royalty Fee | 10-25% | 990 |
Advertising Fee | - | 0 |
Year Founded | 1989 | 1978 |
Year Franchised | 1992 | 0 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | An accounting background is not a necessity. However, you should have the ability to handle responsibilities with strong people skills, and have a strong interest in owning and operating a business that is a unique, exciting, and financially rewarding. | |
Financing Options |
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In-House/3rd Party | In-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 |
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Training | - | Training topics covered included: 1. Office organization, fixtures & budget 2. Proven advertising and marketing strategies 3. Pertinent product information 4. Computer program orientation 5. Staffing 6. Bookkeeping procedures and business planning 7. Client relations 8. Additional income producing sources and methods |
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 |
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US Expansion | Yes | - |
Canada Expansion | No | - |
International Expansion | No | - |
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!
THIS IS FOR A LICENSEE THIS IS NOT A FRANCHISE Imagine the opportunity of owning your own business in a prestigious and respected profession where everyone is a potential client! LOOK NO FURTHER....IT'S HERE! The ever changing guidelines, combined with the clients fears of doing their own taxes, create an enormous market. However, unlike most tax preparation business that are just seasonal, Accountables does not stop there! Offering Personal Financial Planning and Small Business Bookkeeping services ensures you that your business will be strong year round. The market for Accountables consulting and tax preparation services is almost unlimited, and has proven to be marketable to almost everyone and any small business operation. Perhaps best of all, under our system, is the fact that you have not only the freedom of owning your own business, but the advantage of being part of a larger support organization. The professionals at Accountables have over 45 years of accounting, Financial, Tax, and Business experience. No problem is too big or too small. Contact Us: 703-494-6215 The Opportunity Since 1979, Accountables unique concept for quality service has been satisfying clients.Accountables offers such services as Tax Preparation, Personal Financial Planning, Small Business Bookkeeping and more. The demand for quality professional services and Accountables methods to provide those services gives you the distinct advantage of owning a proven business concept. We provide you with proven strategies and practices which help reduce the risk and hazards of independent ownership and we remain available to assist you to ensure success over the long haul. In short, you will benefit tremendously in the dynamic, ever growing, lucrative, and highly rewarding profession through a healthy affiliation with Accountables.