Family Financial Centers

FFC is the closest thing to owning a neighborhood branch bank. We have a bank
look and feel, and we offer a full menu of financial services to the "un-banked"
or "under-banked" customer, typically a middle-income working family.
Our services include check cashing, money orders, wire transfer, electronic bill payment, pre-paid debit card, gift card buy back program, gold and precious metals purchasing and a host of other financial related products. We are located in attractive suburban strip centers close to the customer's home or work. The underlying business model is exceptional, providing good income and high return on investment. Our only inventory is cash,
and we open and close our teller stations daily just like a bank. The business can be run with one to two people, and the owner can bring on a manager to run the store once the business is ramped up.We are doing acquisitions (for candidates who prefer an existing cash flow), new stores, and a "store in a store" kiosk concept that can go inside of an existing business (convenience store, grocery store, tax prep office, etc.). We offer single units, multiple units, and area development on a selective basis. Our typical candidate is an upper level corporate executive making a good income and with reasonably strong net worth, or an entrepreneur that is selling their business and looking to get into something else, or diversify into another business.
Why the Check Cashing Industry?
THIS IS A SERVICE THAT A SIGNIFICANT SEGMENT OF THE POPULATION BADLY NEEDS, AND THAT MARKET IS INCREASING.
THE CURRENT ECONOMIC CLIMATE IS ACTUALLY CONDUCIVE TO THE FFC BUSINESS, AND SO CANDIDATES ARE UNABLE TO START AND BUILD A SUCCESSFUL BUSINESS AT A TIME WHEN OTHER FRANCHISE BUSINESSES ARE SUFFERING.
MARKET SHARE IS TRENDING STRONGLY TO THE PROFESSIONAL BRANDED PLAYERS LIKE FFC THAT CAN OPERATE EFFECTIVELY IN THIS ENVIRONMENT OF TIGHTER REGULATION AND COMPETITION THAT IS MORE SOPHISTICATED.
Why Family Financial Centers?:
FFC IS THE “21ST CENTURY” VERSION OF THIS BUSINESS WITH SYSTEMS
AND TECHNOLOGY THAT SET US APART FROM THE REST OF THE INDUSTRY.
THESE SYSTEMS ALLOW FOR “REMOTE MANAGEMENT” SO THE FRANCHISEE DOES
NOT HAVE TO BE IN THE STORE ALL THE TIME BUT CAN STILL MAINTAIN THEIR SPAN
OF CONTROL (THIS ALSO ALLOWS THEM TO SCALE THE BUSINESS TO ADDITIONAL UNITS).
FFC IS COMPLETELY TURNKEY AND PROVIDES EXCEPTIONAL SUPPORT TO FRANCHISEES
INITIALLY AND ONGOING.
Our Ideal Franchisee
ENTREPRENEUR OR CORPORATE MANAGER WITH ADEQUATE RESOURCES AND DESIRE TO BUILD A SIGNIFICANT BUSINESS.
FFC CAN PROVIDE SIGNICANT OPPORTUNITIES TO GROW, AND DISCOUNTS FOR ADDITIONAL
STORES.
AVAILABLE MARKETS
US markets available: AL, CT, DE, FL, GA, LA, MA, NC, NJ, NY, PA AND SC
HOT Regions/Desirable: NJ & PA
NOT available: Any not listed above
Available in Canada: No
International Referrals: No
BACKGROUND
Year founded: 2004
Year franchised: 2004
Number of franchises currently operating: 47
Number of corporate owned franchises: 0
Accepting Master Franchisor and Area Developer Referrals: Yes
Absentee ownership available: YES – “remote management”
Average number of employees required: 2
E2 Visa Friendly: No
FINANCIAL/TERMS
Franchise Fee: $40,500
Total Investment: $175,000 - $303,000 (Stand alone store is $210,000, Store
in a Store is 125,000+, Acquisition/conversion $200,000 - $400,000+, Area
development is $150,000 - $300,000+)
Cash Requirement: $150,000+
Minimum Net Worth: $500,000+