Cash Plus Franchise

Check cashing

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.

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Please Note: The operators of Cash Plus, may not have verified the accuracy of the Franchise information contained within this website. For accurate up-to-date information, investors are strongly recommended to visit the official Cash Plus website.

How much does it cost to open a Cash Plus Franchise?

The investment required to open a Cash Plus Franchise is between $198,000-$539,800. There is an initial franchise fee of $35,000 which grants you the license to run a business under the Cash Plus name.

Individual Unit Costs

Initial Investment:
$198,000-$539,800
Initial Franchise Fee:
$35,000
Royalty Fee:
5-6%
Advertising Fee:
$300-$500/mo.
Term of Agreement:
10 years
Renewal Fee:
$5000

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News and Press Releases

New Cash Plus Checks Into Mt. Pleasant Location
Mt. Pleasant families tired of waiting in line at the bank can now turn to a convenient new option in town. Cash Plus opened its doors this week at 515-A North Mission Street, in the central Michigan community of Mt. Pleasant. "Many local families don't keep bankers' hours," says David Vajda, own...

Charities Win Big In Latest Cashaway Sweepstakes
A diverse trio of charities were among the big winners in the most recent Cashaway� Sweepstakes, which awarded $20,000 to 258 winners and their favorite charities. There were nearly 40,000 entrants. In addition to winning $5,000, $2,500 and $1,000 respectively, the first, second and third place w...

Cash Plus Transforms Summer Time Into Winning Time With Latest Cashaway Sweepstakes!
If fast cash for summer emergencies isn't enough to pull you in, how about the prospect of winning $5,000 plus a $1,000 donation to your favorite charity? Just in time summer vacation, Cash Plus, the family financial services centers company, is bringing back its wildly popular Cashaway� Sweepstakes...

Cash Plus Announces Launch Of An Industry First
Cash Plus, Inc. today announced the launch of its industry-first sweepstakes program to reward consumers with cash prizes. Craig Wells, president and CEO of the fast-growing franchisor of family financial service centers said "We're the first in our industry to give cash back to our customers and...

Cash Plus News & Press Releases

Cash Plus Franchise Growth History

When did the first Cash Plus open? 1985
When did Cash Plus start Franchising? 1988

Year	U.S.A.	Canada	Corporate
2005	65	1	2
2004	66	1	3
2003	68	1	3
2002	65	0	3
2001	60	1	3

Cash Plus Franchise Expansion Plans

United States: Alabama, California, Colorado, Delaware, Florida, Hawaii, Idaho, Indiana, Iowa, Kansas, Kentucky, Louisiana, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, Oklahoma, Oregon, Tennessee, Texas, Utah, Washington, Wisconsin, Wyoming

Financing Options

Expense	In-House	Third Party
Franchise Fee	No	Yes
Startup Costs	No	Yes
Equipment	No	Yes
Inventory	No	Yes
Accounts Receivable	No	Yes
Payroll	No	No

Third Party Financing Source(s): GE Capital, DEL Financial, the SBA, Merchants Bank of California

Training & Support

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

Business 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)

Qualifications & Business Experiences

Business Experience:

Friendly personal skills; some general business experience helpful; employee supervision experience a plus

How much does a Cash Plus Franchise owner make?

To calculate how much income a franchise owner can do at Cash Plus Franchise, may vary on factors like location, size etc., On the other side as a business owner your goals to maintain the quality of service while streaming sales high and expenses low. As any other franchise may include rent/mortgage, staffing/family, inventory supplies, utilities, administrative costs vise vera. Location to location and seasons the months costs may vary. Most franchises start up costs are typically fixed and they will cover most of the initial operating costs like signage, furniture, decoration and renovations.

Listing Tags

franchising, biz op, cashplus, cash plus, banking, payday advances, check cashing, money orders, wire transfers, short-term loans, small, retail, family financial service centers, selecting new, bravokids, success magazine, pov magazine, entrepreneur magazine

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Legal Disclaimer: This information is not a franchise offering for Cash Plus and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recommend that anyone seriously interested in pursuing a Cash Plus franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.