Today 29 November
Updated 14 january 2020

Franchise Mr. Payroll Corp.

Investments

$68,800

Franchise fee

$10,000

Request Info

Short information

$68,800

$68,800

Investments

$75,000

$75,000

Minimum Cash

11

11

Wishing to buy

1988

1988

Year Brand Started

91

91

Offices

1990

1990

Year Franchising Started

Franchise Mr. Payroll Corp.

Investments

$68,800

Offices

91

Franchise Fee

10000

Short information

1988

Year Brand Started

1990

Year Franchising Started

About Franchise

Mr. Payroll Corporation (“Mr. Payroll”) consists of a nationwide network of company-owned and franchised check-cashing facilities located inside convenience stores, neighborhood service centers, or in stand-alone facilities. In as little as 48 square feet of operating space, a Mr. Payroll check-cashing franchise provides fast check cashing, money orders, bill paying, money transfers and other financial services in one convenient location-and at a minimal cost.

Mr. Payroll Services:

  • Check Cashing
  • Money Orders
  • Wire Transfers
  • Bill Pay
  • Tax Filing
  • Prepaid Phone Service
  • Prepaid Debit Cards

Franchise Mr. Payroll Corp.

History/Locations

Mr. Payroll is a leader in the check cashing industry with more than 20 years experience. Our business strategy is to competitively offer uniquely-suited, financial services to working class customers. Founded in 1988 and offering franchises since 1990, Mr. Payroll is an industry leader in franchised check cashing services.  It is also a subsidiary of Cash America International, Inc. (listed on NYSE under the symbol “CSH”), the world’s largest operator of pawnshops and specialty financial services.  As of December 31, 2010, we have 116 franchised and company-owned facilities in 16 states.

Market

Mr. Payroll provides valuable non-bank, financial services to hard-working individuals every day. A study conducted in 2008 by the Center for Financial Services Innovation reported that 40 million households (106 million individuals) in the U.S. were under banked. One of the most pressing needs of the “underbanked” is converting their hard earned paychecks into cash. A recent Federal Reserve Bulletin estimated that 28% of all working-class households have the need for check cashing services.

Franchise Mr. Payroll Corp.

Franchisee Package

Our franchisees are provided with all the necessary tools and continued support to help them get their financial services business started and running successfully.

  •  Site Analysis & Demographics
  • Cashier Training Academy
  • New Store Opening Support
  • Soft & Grand Opening Week
  • Market Your New Location
  • On-site Training
  • Check Cashing Software
  • Turnkey Installation

Gallery

Finance Information

Investments: $68,800 – $328,000

Franchise fee: $10,000

Royalty fee: 10%

Minimum Cash: $75,000

Net Worth: $200,000

Partner Requirements

Are you a people person that can manage and control all aspects of the business? A franchise owner must take direction from the Mr. Payroll team, operate within Mr. Payroll’s established guidelines, and adhere to the performance standards and practices set forth in Mr. Payroll’s licensed system as described in Mr. Payroll Corporation’s 2011 Franchise Disclosure Document.

If you are driven to succeed, are able to motivate employees through day-to-day operations, know how to market and generate sales and have the financial resources needed to operate a franchise, then Mr. Payroll is ready to work with you. Our franchisees come from many different backgrounds, but all understand the fundamentals of business and have a strong desire to create a successful and profitable Mr. Payroll franchise.

Remember, the value of buying a franchised business is that you are permitted to utilize the franchisor’s business experience. . . a proven, turnkey business model that offers a recognized brand name, training and ongoing support, as well as established products and services, and marketing strategies including continuing research and development for new products and practices.

Request Information

Complete the form below to get more information, including estimated costs to open and operate this franchise.

We never sell your information or share it with anyone other than the companies from which you have requested information.

Testimonials

There are no reviews.

Leave a Comment

There are no comments. Be a first!
Training

Yes

Business Type

Franchise

Request Information