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Updated RecentlyACE America's Cash Express vs United Check Cashing Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of ACE America's Cash Express vs United Check Cashing 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 | $226,000 - $297,000 |
| Franchise Fee | $15,000 - $30,000 | $30,000 |
| Royalty Fee | 6% | Varies |
| Advertising Fee | - | - |
| Year Founded | 1968 | 1977 |
| Year Franchised | 1996 | 1992 |
| 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 | Yes/Yes |
| Start-up Costs | No/No | Yes/Yes |
| Equipment | No/No | Yes/Yes |
| Inventory | No/No | Yes/Yes |
| Receivables | No/No | Yes/Yes |
| Payroll | No/No | Yes/Yes |
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 | United provides assistance in all aspects of the business including ongoing training, marketing support, customized point-of-sale system, accounting system and proprietary store management software. |
| 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 | - |
| International Expansion | No | - |
Company Overviews
About ACE America's Cash Express
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.
About United Check Cashing
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.