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Updated RecentlyCash Plus vs Cash-X Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Cash Plus 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 | $198,000 - $539,800 | $50,000 |
| Franchise Fee | $35,000 | $25,000 - $50,000 |
| Royalty Fee | 5-6% | - |
| Advertising Fee | $300-$500/mo. | - |
| Year Founded | 1985 | 2001 |
| Year Franchised | 1988 | 2001 |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 10 years | - |
| Renewal Fee | $5000 | - |
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/Yes | -/- |
| Start-up Costs | No/Yes | -/- |
| Equipment | No/Yes | -/- |
| Inventory | No/Yes | -/- |
| Receivables | No/Yes | -/- |
| 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, 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) | - |
Expansion Plans |
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| US Expansion | Yes | - |
| Canada Expansion | No | No |
| International Expansion | No | 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 Cash-X
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.