Mister Money - USA
Yes, we actively support the inclusion and development of minority-owned franchises in the Mister Money - USA system.
Mister Money - USA
2057 Vermont Dr.
Ft. Collins, CO 80525-2913
800#: (800) 827-7296 + 137
Tel: (970) 493-0574
Fax: (970) 490-2099
E-mail: scott.lanham@mistermoney.com
Web Site: www.mistermoney.com
Contact: Mr. Scott Lanham, National Sales Manager
MISTER MONEY - USA franchises offer pawn loans, payday loans, check cashing, money orders, and other financial services. Franchisees operate full-service retail stores or loan only outlets. MISTER MONEY - USA stores are modern, customer friendly and located in solid blue collar areas.
Franchisor Background
Established: 1976
First Franchise: 1996
Franchise Units: 35
Company-Owned Units: 14
Total Units: 49
Distribution:
> North America -- Operations in 11 States
> States/Provinces with Greatest Density: 13 in IA, 9 in CO, 4 in WI
Units Owned by Minorities:
>African-American: 0
>Hispanic: 0
>Asian-American: 0
>Native American: 0
>Other:
Average Number of Employees: 3 FT, 1 PT (FT = Full Time, PT = Part Time)
Space Needs: 4,000-10,000 SF; FS, SF, SC
(for abbreviations click here)
Financial Requirements
Cash Investment: $65-150K
Total Investment: $65-200K
Average Total Investment: $132K
Minimum Net Worth: $65K
Fees
>Franchise: $21.5-24.5K
>Average Franchise Fee: $23K
>Royalty: 3-5%
>Advertising: 3%
Provide Earning Claim Statement: Yes
Terms of Contract
Term of Contract (Years): 5/5
Passive Ownership: Discouraged
Area Development Agreements:No
Sub-Franchising Contracts: Yes
Expand In Territory:Yes
Franchisor Support and Training Provided
Site Selection Assistance:Yes
Lease Negotiation Assistance: Yes
Cooperative Advertising: Yes
Franchisee Assoc. / Member: Yes/Yes
Size Of Corporate Staff: 25
On-Going Support: a,B,C,D,E,F,G,I (for an explanation click here)
Training: 10-14 Days Fort Collins, CO.
Specific Minority Program(s) in Place: We provide extra training, both initial and on-going. Special financing considerations for qualified applicants.Financial support for loan expansion.
Franchisor's Specific Expansion Plans
U.S.: All United States
Note: NR = No Response by Franchisor.
For a sample questionnaire click here.
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