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Updated RecentlyUnited Financial Services Group vs Centum Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of United Financial Services Group vs Centum including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $202,000 - $261,000 | $100,000 |
| Franchise Fee | $30,000 | N/A |
| Royalty Fee | 0.2% | - |
| Advertising Fee | - | - |
| Year Founded | 1977 | 2002 |
| Year Franchised | 1991 | 2002 |
| Term Of Agreement | 15 years | - |
| Term Of Agreement | 15 years | - |
| Renewal Fee | 25% of then current fee | - |
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/Yes | -/- |
| Equipment | No/Yes | -/- |
| Inventory | No/Yes | -/- |
| 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 | - |
| Marketing | Co-op advertising, Ad slicks, Regional advertising | - |
| Operations |
5% of all franchisees own more than one unit Number of employees needed to run franchised unit: 3 Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators) | - |
Expansion Plans |
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| US Expansion | Yes | - |
| Canada Expansion | No | No |
| International Expansion | No | No |
Company Overviews
About United Financial Services Group
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.
United Financial Services Group was founded in 1977 and began franchising in 1991. It has more than 80 locations throughout the United States and is based in Philadelphia.About Centum
Centum Financial Group Inc. is a federally incorporated company that is part of a global network of franchise organizations that includes financial services, real estate, travel services and hotel accommodations. Launched in October 2002, the CENTUM network has rapidly grown to include over 175 member locations that employ over 1200 mortgage agents across Canada.