Mr. Payroll
Yes, we actively support the inclusion and development of minority-owned franchises in the Mr. Payroll system.
Mr. Payroll
1600 W. 7th St.
Fort Worth, TX 76102-2500
800#:
Tel: (817) 335-1100
Fax: (817) 570-1721
E-mail: lhurley@casham.com
Web Site: www.cashamerica.com
Contact: Mr. Mike Gaston, Executive Vice President
MR. PAYROLL provides financial services (check cashing, money orders, bill pay, wire transfer, etc.) to the un-banked
Franchisor Background
Established: 1988
First Franchise: 1991
Franchise Units: 134
Company-Owned Units: 6
Total Units: 140
Distribution:
> North America -- Operations in 21 States
> States/Provinces with Greatest Density: 65 in TX, 16 in GA, 8 in NM
Units Owned by Minorities:
>African-American: 2%
>Hispanic: 4%
>Asian-American: 2%
>Native American: 2%
>Other: 10% Middle East
Average Number of Employees: 1 FT, 1 PT (FT = Full Time, PT = Part Time)
Space Needs: 48 SF; Inside Retail Store
(for abbreviations click here)
Financial Requirements
Cash Investment: $70-120K
Total Investment: $30-45K
Average Total Investment: $37K
Minimum Net Worth: $140K
Fees
>Franchise: $10-30K
>Average Franchise Fee: $20K
>Royalty: 10%
>Advertising: 0%
Provide Earning Claim Statement: Yes
Terms of Contract
Term of Contract (Years): 10/10
Passive Ownership: Discouraged
Area Development Agreements:No
Sub-Franchising Contracts: No
Expand In Territory:Yes
Franchisor Support and Training Provided
Site Selection Assistance:Yes
Lease Negotiation Assistance: Yes
Cooperative Advertising: Yes
Franchisee Assoc. / Member: No
Size Of Corporate Staff: 3,000+
On-Going Support: A,B,C,D,E,F,G,h,I (for an explanation click here)
Training: 3 Day Operations Training Ft. Worth; 1 Day Mgr. Orientation Ft. Worth; 2 Weeks at Opening.
Specific Minority Program(s) in Place: Although we strongly support the objectives of the NMFI, we do not yet have any specific programs in place at this time.
Franchisor's Specific Expansion Plans
U.S.: Northwest Southwest, SE
Note: NR = No Response by Franchisor.
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