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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Cash Plus News & Press Releases

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

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

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

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

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

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)

Business Experience:

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

  • 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
    Cash Plus Franchise Opportunity viewed 12622 times by investors.

    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.

    Cash Plus

    Cash Plus

    Cash Plus Inc.
    3002 Dow Ave Ste 510
    Tustin, CA
    92780

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