Family Financial Centers Franchise
Family Financial Centers is a franchise for a business providing financial services and check cashing.
It was founded in 2004 and started franchising that same year. These franchises are commonly found in suburban centers that are exposed to an attractive market. Like a traditional bank, they have the professionalism, ambience, and systems. Their goal is to raise the standards in providers of alternative financial services with the products they offer and how they deliver it. Their systems are fully automated and with that system, transactions are completed within a few minutes. This helps the clients attend to their financial needs conveniently with a friendly and professional staff and an upbeat ambience.
What investment options do Family Financial Centers offer?
You can start with a single store which is practical and there is no limit as to what volume you can accomplish with just one location. They have the Multiple Store Plan if you decide to expand your business and create more market presence in your area. This lets you open three to five locations and get discounts on franchise fees. The Existing Store Acquisitions where a franchisee can acquire a location that has an existing cash flow and there would be no need to go through the start-up process. The Store n Store program are offered to those who have a current business and wants to open a Family Financial Center within their business as a co-brand and increase traffic at their location. These are often seen in convenience stores, gas stations, upscale Laundromats, and tax preparation services just to name a few. If you want to start big, you can opt for the Area Development program which is where you will be given the rights to an exclusive territory and help find franchisees in that area. They will receive a cut from the royalty fees and franchise fees. They also have the right to open their own store within their territory. Another option is the Master Franchise License which has a similar role as the Area Developer but they have exclusivity to their own country. They will also be responsible for the Family Financial Centers adaption of their country’s language, culture, and laws.
What services do they offer?
They offer check cashing, bill payments, short term loans, membership cards, and money transfer.
Cost and requirements on running a Family Financial Center franchise
You need to have a net worth of $200,000 to $250 and a total liquid asset of at least $40,000. Expect to be investing about $146,000 to $230,000. The Family Financial Centers franchise fee is $33,500 with an on-going royalty fee of 2%.
What is included in the franchise package?
There will be one week training at the headquarters and one week at your location. You will be provided with a market evaluation, assistance in site selection, project management, assistance at the grand opening and licensing. You will also receive a turnkey “store in a box”. You will be receiving newsletters and a toll free phone number. You will also be given access to the internet and purchasing cooperatives. You may also expect occasional field evaluations. For marketing support, there will be ad slicks.
Family Financial Centers Contact Details
You may reach them at:
Address: 99 Lantern Dr., #101 Doylestown, Pennsylvania 18901