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Cash Plus
Check cashing and payday advances
Cash Plus can get you cash -- plus money orders, wire transfers, fax services, postage stamps, maybe even a prepaid credit card. Cash Plus runs a network of more than 90 franchises in low- and middle-income neighborhoods in about a dozen states. Stores specialize in check-cashing services and payday loans (usually $100-$500 advanced against the customer's next paycheck). Local operators pay the company a franchise fee of about $35,000; Cash Plus provides the training and know-how. Founded in 1984, the company was bought in 1996 by husband-and-wife team Craig Wells, CEO, and Julie Wells, EVP.
Cash Plus
3002 Dow Avenue
Tustin, CA 92780
888-707-2274
Fast Facts
| Year established | 1984 |
| Franchising since | 1988 |
| Can be run from home? | No |
| Number of employees needed | 2 - 5 |
| Item 19 Financial Performance Representation? | Yes |
| Multiple units must be purchased in U.S. | No |
| Multiple units must be purchased outside U.S. | No |
| Absentee ownership allowed? | Yes |
Franchise Unit Growth Rate
| Year | U.S. Franchises |
Non-U.S. Franchises |
Company-Owned Locations |
| 2011 | 57 | 0 | 2 |
| 2010 | 58 | 0 | 2 |
| 2009 | 68 | 1 | 2 |
Expanding in These Locations
Arizona, California, Colorado, Florida, Idaho, Louisiana, Michigan, Missouri, Nevada, Ohio, Virginia, Washington
Costs
| Total Investment | $106,000 - $284,700 |
| Franchise Fee | $17,500 - $35,000 |
| Royalty Fee | 6% |
Financial Requirements
| Net Worth | $400,000 |
| Liquid Capital | $100,000 |
Financing
| Does franchisor offer financing? | No |
| Is franchisor on the SBA's Franchise Registry? | No |
| Is franchisor a member of the IFA's VetFran program? | No |
Financing Assistance
Franchisor offers guidance and support in obtaining third-party financing
Cash Plus
3002 Dow Avenue
Tustin, CA 92780
888-707-2274
Content provided by Hoovers.com
Cash Plus, Inc.
Cash Plus can get you cash -- plus money orders, wire transfers, fax services, postage stamps, maybe even a prepaid credit card. Cash Plus runs a network of more than 90 franchises in low- and middle-income neighborhoods in about a dozen states. Stores specialize in check-cashing services and payday loans ...
| Company Type: | Private |
| Executives: | Craig W. Wells, President and CEOJulie Wells, VP and COO |
| Industries: | Cash Lending |
| See More Industries | |
| Top Competitors: | Ace Cash ExpressCash AmericaCheck Into Cash |
Cash Plus
3002 Dow Avenue
Tustin, CA 92780
888-707-2274
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