Mr. Payroll Franchise
Sunday, January 31, 2010 at 04:36PM Financial service centers
Start-up Costs & Franchises Fees
What is the total cost to open a Mr. Payroll Franchises?
Total Cost: $60,500-$151,500
Total Franchise Fees: $10,000 USD -$30,000 USD
Ongoing Royalty Fees: 10-25%
Ongoing Advertising Fees:
Term of Agreement: 10 years
Contact Information for Mr. Payroll
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Mr. Payroll Check Cashing |
Toll Free: (800)322-3250 |
Mr. Payroll In the Press
No results at this time.Historical Expansion
In what year did Mr. Payroll begin operations? 1989
When did Mr. Payroll begin selling franchises? 1992
Year United States Canada International Corporate 2005 135 0 0 6 2004 139 0 0 6 2003 135 0 0 6 2002 135 0 0 7 2001 134 0 0 10
Future Expansion
United States: Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Michigan, Missouri, Mississippi, Montana, Nebraska, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, West Virginia, Wyoming,
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee No Yes Initial Start-up Capital No Yes Plant, Property, and Equipment No Yes Inventory No No Accounts Receivable No No Payroll No No
Training & Support
Support
In the Pressletter, Toll free phone number, Grand opening support, Safety and Security procedures, Field support and site evaluation
Marketing
Cooperative advertising, Ad slicks
Franchise Operation Restrictions
39% of all franchise business owners own more than one franchise location.Number of employees needed to run franchised unit: 2
Absentee ownership of franchise is allowed. (100% of current franchise business owners are owner/operators)
Qualifications & Business Experience
Business Experience:
General business experience Customer service skills
Jason Rager's Inside Information
Can you buy this franchise for no money down? YesPlease note: You must use my system to receive these benefits and so much more. Click here.
What key terms in the franchise agreement can be negotiated? Cross-default provisions, arbitration clause, personal guarantee, default cure periods, non-compete agreement, favorable valuations for corporate buyout
Can you negotiate lower royalties during start-up? Yes
Can you purchase multiple franchises for a discounted franchise fee? Yes
Can you receive lower advertising fees? Yes
Will I know when the franchise break even? Yes
Will my personal assets including my home be safe in case my franchise business fails? Yes