Mr. Payroll Corp.
Check cashing, money orders, wire transfers, bill pay, ATM- 2023 Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$69K - $328K
- Units as of 2014
-
91
Company Overview
About Mr. Payroll Corp.
Industry | Financial Services |
---|---|
Related Categories | Miscellaneous Financial Services |
Founded | 1988 |
Leadership | Dan Feehan, CEO |
Corporate Address |
1600 W. 7th St. Fort Worth, TX 76102 |
Business Overview
Franchising Since | 1990 (33 years) |
---|---|
# of employees at HQ | 400 |
Where seeking |
This company is offering new franchisees throughout the US. |
# of Units | 91 (as of 2014) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Mr. Payroll Corp. franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Initial Franchise Fee
|
$10,000 |
---|---|
Initial Investment
|
$68,800 - $328,000 |
Net Worth Requirement
|
$200,000 |
Cash Requirement
|
$75,000 |
Royalty Fee
|
10% |
Term of Agreement
|
10 years |
Is franchise term renewable? | Yes |
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
Classroom Training | 3 days |
---|---|
Ongoing Support |
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | Yes |
---|---|
Can this franchise be run from home/mobile unit?
|
No |
Can this franchise be run part time?
|
No |
# of employees required to run | 1-2 |
Are exclusive territories available?
|
Yes |
Interested in ownership opportunities like Mr. Payroll Corp.? Request a free consultation with a Franchise Advisor now.
Sign Up for Our Franchise Newsletter
Stay up to date on the latest news and trends affecting the franchise industry.
Related Franchises
Are you eager to see what else is out there? Browse franchises that are similar to Mr. Payroll Corp..
Related Franchise Content
Catch up on the latest franchise news, trends, and more.
This Game-Changing Marketing Solution Will Give Your Franchise a Competitive Edge
If you're considering franchising your business, it's all about having a differentiator. This innovative marketing solution provides a competitive edge and helps franchises connect with customers like never before.
How to Review a Franchise Disclosure Document in Less Than 10 Minutes
Determine if a franchise brand aligns with your goals by using this guide to quickly review critical sections of a franchise disclosure document in 10 minutes or less.
Beyond Borders — How Successful Franchises Thrive in Diverse Markets
Successful franchises can adapt and deliver their products and services in any corner of the world.
Drew Brees: From Football to Franchising
Former NFL quarterback Drew Brees shares his remarkable transition from the football field to the world of entrepreneurship.
How an Idea and a Facebook Post Led to a $49 Million Tiny Home Business
Read how this family-owned franchise saw an untapped tiny home market and seized a huge opportunity.
How One Beloved Burger Chain Is Spending Millions to Get Customers Through the Door
Burger King hopes remodeling and revamping the Whopper will bring customers to stores.