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Learn About United Financial Services Franchises
United Financial Services centers provide a wide assortment of vital services
to consumers seeking an alternative to traditional banking relationships. Our
franchisees operate clean, bright, safe retail centers designed to create a
community-bank atmosphere and they build strong customer relationships by
providing the type of friendly service not usually associated with today’s
In 1992, United recognized the value of offering a franchising opportunity in
this industry. After fifteen years of successfully operating multiple check
cashing centers in the Philadelphia area, its principals decided to document
their best practices and began to expand their profitable business model through
a formal franchise system. Since then, the company has shown more than 100
entrepreneurs how to establish and operate their own business by serving this
lucrative market segment.
The United system has standardized the key elements of a successful
check-cashing center. It has created a retail format that offers a warm,
community bank-like atmosphere for customers to conduct their business. It has
identified a consumer segment with unique demands not currently met by
traditional banking institutions and has assembled a full compliment of products
and services that meet their needs.
Meeting Market Demand:
United’s system also meets the demand for convenient cash management by offering
better hours and more accessible locations than a typical bank. We cash their
checks with no holds while the funds clear the banking system for just a couple
of pennies on the dollar. We also assist them in paying bills, wiring money and
a host of other cash-based financial transactions.
With banks continuing to charge fees and service charges for more and more
services on accounts with low balances, many customers will continue to give up
their relationships with traditional financial institutions in favor of
alternative financial services providers.
Today, many Americans and two income families are living from paycheck to
paycheck. The economy has also created many part-time jobs or “moonlighters” to
supplement an income or, in many cases, replace a traditional job. These
lifestyle changes are forcing wage earners to seek more convenient alternatives
to traditional banking relationships to manage their finances.
And finally, the U.S. population is continuing to diversify as immigrants from
many countries are still seeking the opportunity provided in America. Many of
these newcomers, and even their preceding ethnic groups, are not comfortable
with banks and prefer to manage their money on a simple cash basis.
United believes that these trends should continue to fuel the demand for
non-traditional financial service providers. This belief, coupled with the fact
that our same-store sales continue to increase year over year, provides us with
an optimistic outlook for the continued growth of this category.
Over the past several years, our centers have shown consistent growth in
both check-cashing volume as well as revenue from check-cashing fees and other
services. In 2003, United centers collectively cashed nearly $1.3 billion worth
of checks generating an estimated $30 million in fee revenue for its
Operational Support and Training:
The Project Management Department will oversee the design and construction of
your center including architectural drawings, permits, evaluation of contractor
bids, procurement of all furniture fixtures and equipment, networking of POS
workstations, software installation and all the necessary requirements to obtain
a certificate of occupancy. During this phase we will provide a pre-opening
marketing plan with tips and tools to help you to create awareness for your new
business in your community.
United’s Training Group will teach you the business. You will be provided with
two weeks of practical, classroom-style instruction at our National Training
Center in Philadelphia. The training includes all aspects of check verification,
the Point of Sale system, bookkeeping, security, and marketing. In addition,
we’ll be on-site during the first week of your opening to assure you a
productive start and we’ll make two additional follow-up visits to your center
during your first year. On the marketing side, you will be provided with
“how-to” guides, in-store merchandising materials and an interactive catalog of
on-line promotional tools that are continuously updated and expanded. A monthly
newsletter, company intranet and seminars round out your home office support.
Your training will be supplemented with a copy of United’s comprehensive
Operations and Training Manuals and audio-visual tools to assist you in training
your staff. This material is licensed to you and updated on a regular basis to
assure it is current with industry trends and technology developments.
Get united with our success and discover this unique way to build your financial
future by managing cash transactions with your own United Financial Service
Please note: The Franchise Guide may or may not represent United Financial Services franchise. By clicking the "Submit" button you acknowledge that your local Franchise Consultant may or may not represent United Financial Services franchise. You will be contacted by an experienced Franchise Consultant that will discuss which franchise is right for you.