United Check Cashing Franchise
Information:
 United
Financial Services centers provide a wide assortment of
vital services to consumers seeking an alternative to
traditional banking relationships. Our franchisees
operate clean, bright, safe retail centers designed to
create a community-bank atmosphere and they build strong
customer relationships by providing the type of friendly
service not usually associated with today’s banks.
In 1992, United recognized the value of offering a
franchising opportunity in this industry. After fifteen
years of successfully operating multiple check cashing
centers in the Philadelphia area, its principals decided
to document their best practices and began to expand
their profitable business model through a formal
franchise system. Since then, the company has shown more
than 100 entrepreneurs how to establish and operate
their own business by serving this lucrative market
segment.
The United system has standardized the key elements of a
successful check-cashing center. It has created a retail
format that offers a warm, community bank-like
atmosphere for customers to conduct their business. It
has identified a consumer segment with unique demands
not currently met by traditional banking institutions
and has assembled a full compliment of products and
services that meet their needs.
Meeting Market Demand:
United’s system also meets the demand for convenient
cash management by offering better hours and more
accessible locations than a typical bank. We cash their
checks with no holds while the funds clear the banking
system for just a couple of pennies on the dollar. We
also assist them in paying bills, wiring money and a
host of other cash-based financial transactions.
 With
banks continuing to charge fees and service charges for
more and more services on accounts with low balances,
many customers will continue to give up their
relationships with traditional financial institutions in
favor of alternative financial services providers.
Today, many Americans and two income families are living
from paycheck to paycheck. The economy has also created
many part-time jobs or “moonlighters” to supplement an
income or, in many cases, replace a traditional job.
These lifestyle changes are forcing wage earners to seek
more convenient alternatives to traditional banking
relationships to manage their finances.
And finally, the U.S. population is continuing to
diversify as immigrants from many countries are still
seeking the opportunity provided in America. Many of
these newcomers, and even their preceding ethnic groups,
are not comfortable with banks and prefer to manage
their money on a simple cash basis.
United believes that these trends should continue to
fuel the demand for non-traditional financial service
providers. This belief, coupled with the fact that our
same-store sales continue to increase year over year,
provides us with an optimistic outlook for the continued
growth of this category.
Over the past several years, our centers have shown
consistent growth in both check-cashing volume as well
as revenue from check-cashing fees and other services.
In 2003, United centers collectively cashed nearly $1.3
billion worth of checks generating an estimated $30
million in fee revenue for its franchisees.
Operational Support and Training:
 The
Project Management Department will oversee the design
and construction of your center including architectural
drawings, permits, evaluation of contractor bids,
procurement of all furniture fixtures and equipment,
networking of POS workstations, software installation
and all the necessary requirements to obtain a
certificate of occupancy. During this phase we will
provide a pre-opening marketing plan with tips and tools
to help you to create awareness for your new business in
your community.
United’s Training Group will teach you the business. You
will be provided with two weeks of practical,
classroom-style instruction at our National Training
Center in Philadelphia. The training includes all
aspects of check verification, the Point of Sale system,
bookkeeping, security, and marketing. In addition, we’ll
be on-site during the first week of your opening to
assure you a productive start and we’ll make two
additional follow-up visits to your center during your
first year. On the marketing side, you will be provided
with “how-to” guides, in-store merchandising materials
and an interactive catalog of on-line promotional tools
that are continuously updated and expanded. A monthly
newsletter, company intranet and seminars round out your
home office support.
Your training will be supplemented with a copy of
United’s comprehensive Operations and Training Manuals
and audio-visual tools to assist you in training your
staff. This material is licensed to you and updated on a
regular basis to assure it is current with industry
trends and technology developments.
Get united with our success and discover this unique way
to build your financial future by managing cash
transactions with your own United Financial Service
center.Want more information? Please
complete the form below. |
