FranMart-ConsultantPresentation_08-10

Page 1

Welcome to the Future of Retail Financial Services


Industry Overview

$15 Billion plus industry

Over ½ of the American population needs our services

Customer base is growing every year

Recession resistant industry


Industry Overview 

Check cashing stores:   

Low income – inner city markets Dominated by mom and pop operators Unsophisticated = poor service

Payday advance-only stores:   

Middle income markets Many chain operators Large bureaucracies = poor service


The Industry: Where it came from.


Banking Changes

Mergers closed thousands of branches in last decade

Holds on more deposits

Small, unsecured loans no longer available

ATM’s, Internet & automated phones = less service

Higher NSF & late payment fees


Strong Consumer Demand 

Check cashing service:   

We cash any kind of check (90+% payroll checks) Fast service with no 7 to 10-day holds Very reasonable fees (average 2% to 3%)

Payday advance service:  

Low-cost “overdraft protection” Fast, no hassle service – cash in about 10 minutes


NSF & Merchant Fees 

If two $50 checks bounce: 

Bank charges ($35 each) Merchant fees ($25 each)

$ 50

Total Fees:

$120

$ 70

Or 

Typical cost of $100 payday Loan

$ 15 *

* This charge varies by state


CASH PLUS: a leader in setting trends


Company Snapshot    

Cash Plus was founded in 1984 Acquired by current owners in 1996 In 2010 – approx. 70 stores in 9 states Consistent industry recognition  Franchise 500 – 13 out of last 15 years!!!!  #59 – Hot Franchise 100 in 2010 Core services: Check cashing Wire transfers Money Orders

Payday advances MasterCard Debit Cards Bill payment centers


Additional Products & Services

Optional convenience services: Notary Public ATM’s Mailbox rentals

Prepaid phones / wireless Income Tax preparation Fax / Copies

Coming Soon: The Financial Cafe Insurance Savings accounts

Home mortgages Expanded telecom products


Cash Plus – The Support What makes us different from competitors?  Site selection analysis & support  Kings and Queens customer service programs  Sophisticated marketing strategies  Outstanding training & ongoing support  Regular industry updates  In-store operational visits  Monthly newsletters  Toll-free support hotline  Conventions & regional meetings


Good Corporate Citizenship

Sponsoring really needy children around the world. In partnerships with Local, National and International charitable organizations.


Benefits of owning a Cash Plus

 Fewer, un-skilled employees  Shorter “banker’s hours” – no late nights  Inventory is cash – never spoils  Moderate investment – strong profit potential (Average investment $245,000 to $295,000)

 Respected leader in community – like a banker


Franchise Opportunities

Current store offerings Single store ownership  Multiple store ownership  Area development opportunities 

Current Express store offerings: 

Single & Multi-store ownership


No Experience Necessary 

Our franchisees come from all walks of life:       

Executives & mid-level managers Professionals: lawyers, doctors & accountants Teachers, mechanics & nurses Policemen, truck drivers & software developers Former business owners & entrepreneurs Owners of many other franchised businesses Cash Plus even has a few bankers


The IDEAL Franchisee  Strong desire to achieve  Good people person  Clean credit report & background  Net worth:  $400,000 – minimum  $100,000 – liquid assets  Management experience is a plus


Cash Plus – The Approval Process 1. Review Marketing Brochure and CP Website 2. Complete & return simple application 3. Attend a one-day Open House (Presentation, visit stores, Q & A, FDD) 4. Speak with some of our Franchisees 5. Make a decision about your future 6. Join the Cash Plus family


Cash Plus

The Future of Retail Financial Services


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.