What's the Initial Investment for a Check Cashing Business?

The initial investment required to start a check cashing franchise can range depending on the franchise you select and the type of options you choose.

The criteria that determine your initial investment will depend largely on:

• the type of facility you select (full-service storefront or kiosk, etc.)
• are you building a new operation or converting an existing check facility
• which territory you select
• the franchise operation you select

The costs for a franchise include:

• initial franchise fee
• lease hold improvements
• equipment
• furniture
• fixtures
• signage
• point of sale systems (computers and software)
• training
• insurance
• initial advertising and promotional expenses
• royalties

** Please note the figures below are only estimates and can range from franchise to franchise.

Research by Check Cashing Franchise .com show that initial franchise fees can range from $15,000 - $35,000. The royalties paid can also range. For example, come check cashing franchises charge a royalty equal to 6% of adjusted gross monthly receipts or a minimum of $850. Total investment ranges from $78,000 - $184,000.

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