Summary of Operation:
Cheque cashing service enabling customers to change their pay cheques, Inland Revenue rebate, insurance payouts etc without the need of a bank account. Plus money transfer and foreign money exchange.
Ideal Franchise Owner:
Training Provided:
One day hands on with skilled operative.
Training Location:
Head Office or at an existing branch.
Support Services:
Ongoing telephone,visits.
Year Established: 1997
Year of First Franchise: 1997
Number of Company Outlets: 2
Number of Franchised Outlets: 110
Franchises Planned: 150
Areas of Priority Development:
Overseas Opportunities Exist: None
Overseas Opportunities Planned: None
Total Cost of Franchise:
Initial Investment: £0
Management Service Fees Payable: 1% on turnover
Breakdown of Package: Signs software
Financial Assistance Available: Barclays keen to assist where possible.
BFA Member: No
IFA Member: No
| Projected Turnover | Projected Profit |
|
|---|---|---|
| Year 1 | 750000 | 40K+gross |
| Year 2 | 1000000 | 50K+gross |
| Year 3 | 1400000 | 65K+gross |
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