Description of Industry: The consolidation of traditional banks, along with escalating fees of maintaining a basic checking account, has led to the explosive growth of the convenience banking industry. Over 30 million people transact with the non-bank financial industry each year.  

 

 

Over two-thirds of these people have bank accounts but prefer the convenience and customer service of our financial centers.

 

Description of Company: United Check Cashing has been in business for over 22 years with over 85 years of cumulative owner expertise. Founded in Philadelphia, Pennsylvania, United Check Cashing began franchising in 1992. Today, there are 79 United Check Cashing outlets in 12 states and we’re growing fast!

United Check Cashing outlets provide much more than just check cashing. We are a complete financial service center. Franchisees provide their customers with money orders, Western Union, tax preparation services, authorized bill payments, state lottery tickets, ATMs, fax & copy services, notary, mail boxes, and much more.

Number of Franchise Units: 79 in 12 states

In Business Since: 1977

Franchising Since: 1992

Franchise Fee: $21,500

Total Investment: $156,790.00 (includes franchise fee)

Financing Options: Third party sources available

Training & Support: Your 3 weeks of comprehensive training will begin with 1 week of classroom style lessons at our corporate headquarters in Philadelphia, PA. This is followed by 1 week in a franchise store near you or in one of our Philadelphia locations. Finally, our operations staff will be on hand at your store location for 1 week to assist you during opening.

Our extensive on-going support includes a 24 hour, toll-free help line for assistance after business hours. Monthly newsletters share important news and programs. Additionally, conventions and company events are held annually.

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