Rank no.484 – United Check Cashing – US
Products & Services: Check cashing and other financial services
Number of Locations: 113
Total Investment: $226K – 297K
Began Franchising: 1991
About United Check Cashing
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.
Where Seeking Franchisees: Franchisor is seeking new franchise units in the following states:
Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Missouri, Mississippi, Montana, Midwest, Nebraska, North Carolina, Northeast, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South, South Carolina, Southeast, Southwest, Tennessee, Texas, Utah, Virginia, Vermont, West, Washington, West Virginia, Wyoming.
Startup Costs, Ongoing Fees and Financing
Total Investment: $226,000 – $297,000
Franchise Fee: $30,000
Ongoing Royalty Fee: Varies
Term of Franchise Agreement: 15 years, renewable
Net Worth: $350,000
Liquid Cash Available: $120,000
25% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 2 – 3. Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators).
How This Franchise Supports Franchisees
Training: Available at headquarters: 2 weeks. At franchisee’s location: 1 week.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives, Lease Negotiation
Marketing Support: Co-op advertising, Ad slicks, National media, Regional advertising,
Franchise Ranking History
Franchise 500®: #484 (2013), #453 (2012), #439 (2011), #433 (2010), #358 (2009),
Products & Services
CHECK CASHING We cash a variety of checks including payroll, government, tax refunds, insurance, commercial and more. No bank account is required and our rates are very reasonable!
MONEY ORDERS Safe, convenient and reliable payment devices – money orders cost less at United.
MONEY TRANSFERS United centers are authorized agents for Western Union® Money Transfer™. With Western Union, you can send cash anywhere in the world, and with more than 196,000 agents, there’s bound to be a convenient location nearby for the recipient to pick it up.
BILL PAYMENT Pay your bills electronically! No need to write a check or buy a money order and stamp. Just bring in your statement and cash and we’ll process the payment with the biller. Hundreds of billers accepted. Most items post in two business days or less. It’s safer, faster, more convenient and less expensive than the mail.
United Check Cashing is a pioneer in the check-cashing industry. Founded in 1977 in Philadelphia, its owners operated several check-cashing centers until they began franchising their business concept in 1992 and formed United Financial Services Group, Inc.
Since then, United’s proven system has shown hundreds of entrepreneurs how to successfully run their own business by serving the needs of millions of Americans seeking a friendly, helpful alternative to traditional banks.
The United chain consists of over 140 check cashing centers operating in dozens of states across the country. Our typical check is a payroll, government or business check providing our customers with the cash they need to manage their busy lives.
But United is about more than just cashing checks. Our centers help people manage their money on a simple cash basis. United customers prefer to pay as they go, often using cash to pay bills, pre-pay for typical credit-based services and only pay fees for the services that they actually use.
United Check Cashing offers a warm, community bank-like atmosphere for customers to conduct their business. Our customers have unique demands not currently met by traditional banking institutions, so we have assembled a full compliment of products and services to meet your needs.
United also offers better hours and more accessible locations than a typical bank. We’ll cash your check with no holds for just pennies on the dollar. We can also provide resources for you to pay your bills, wire money and other financial-based transactions.