United Check CashingFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A United Check Cashing franchise requires a total initial investment of $226K – $297K, including a $30K franchise fee. The 2025 FDD does not disclose unit-level revenue (no Item 19). SBA 7(a) loans show a 25.0% charge-off rate across 32 loans[1]. Verdict grade: F. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $226K – $297K
- 67th pct Financial Ser…
- Avg gross sales
- N/A
- 30th pct Financial Ser…
- Royalty
- N/A
- Units
- 48
- 35th pct Financial Ser…
- SBA default
- 25.0%
- system-wide median varies by category
Quick verdict · Financial Services · color = vs category peers
Green = >15% above Financial Services avg · No shading = within ±15% · Red = >15% below avg · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
25.0% of SBA loans charged off across 32 loans, above the 16% franchise average.
Franchising since 1991. Systems this mature have refined operations and brand recognition.
Franchised units fell from 64 to 48 over 3 years. Investigate why operators are leaving.
Bottom line
- Total investment $226K – $297K including a $30K franchise fee.
- Item 19 discloses "Actual Volume of Checks Cashed" rather than annual gross sales, so unit revenue is not directly comparable.
- Verdict F (Bottom Quintile) with a risk score of 89/100. SBA loan charge-off rate of 25.0% across 32 loans (well above the 16% franchise average, based on all SBA 7(a) franchise lending, 2010–2024).
- System contracting at -25.0% CAGR over 3 years. Investigate whether closures are franchisor-driven (consolidation) or franchisee-driven (economics).
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- UNITED FINANCIAL SERVICES GROUP, INC.
- Incorporated in
- PA
- HQ
- Laurel Oak Corporate Center, Suite 302, 1010 Haddonfield – Berlin Road, Voorhees, New Jersey 08043
- Auditor
- CliftonLarsonAllen LLP
- Audited financials
- Franchisor revenue
- $1.4M
- vs $1.3M prior year
Overview
About
Franchisees operate check cashing storefronts providing services including check cashing, bill payment, money orders, wire transfers, and payday loans. Day-to-day operations involve customer verification, transaction processing, compliance with state lending regulations, managing cash reserves, and monitoring for fraud/compliance violations in a highly regulated industry.
- CEO
- Paul Del Borrello
- Headquarters
- NJ
- Founded
- 1991
- FDD year
- 2025
- States available
- 8
FDD Item 7 · 2025 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $30K | $30K |
| Working capital (3–6 mo) | $15K | $25K |
| Equipment, build-out, other | $181K | $242K |
| Total initial investment | $226K | $297K |
Source: United Check Cashing 2025 FDD, Items 5 and 7[2]. “Equipment, build-out, other” is computed as total minus disclosed line items above.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $226K – $297K
- Near category avg vs category
- Liquid capital req'd
- $15K – $25K
- Near category avg vs category
- Franchise fee
- $10K – $30K
- Better than avg vs category
- Royalty
- 2/10 of 1% of the face amount of checks cashed and 5% of …
- Ad fund
- $1,000 annually
- Total fee load
- 1.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Technology fee | $4K |
| Transfer fee | $10K |
| Renewal fee | $10K |
| Total fee load | 1.0% of rev |
Financial Performance
This brand's FDD disclosed "Actual Volume of Checks Cashed" in Item 19 rather than annual gross sales. This metric cannot be directly compared across brands, so we omit it from rankings.
vs Financial Services averages
How United Check Cashing Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 48
- Opened
- 0
- Last reporting year
- Closed
- 4
- Turnover rate
- 8.3%
- Company-owned
- 0
- Corporate units in the system
- % franchised
- 100%
- vs corporate-owned
- Net growth (yr3)
- -7.7%
- Net unit change last year
- 3-yr CAGR
- -25.0%
- Compounded over last 3 years
3-year detail · Item 20
- Transfers (3yr)
- 0
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 7 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator. Not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
- Total loans
- 32
- Loan volume
- $5.1M
- Median loan
- $130K
- 50th percentile
- Charge-off rate
- 25.0%
- rates vary by category · see methodology
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- 75.0%
- 5-yr charge-off
- N/A
- Loans approved 2021+
- Active lenders
- 12
- Defaults
- 8
Explore lender portfolios on Bank Reports or regional data on State Reports.
Premium insight
SBA Lending Report
Deep-dive into United Check Cashing's SBA lending history: lender network, geographic footprint, interest rates, and more.
SBA Lending Report
- Principal loss rate and NAICS industry benchmark
- 2 lenders with concentration factor
- Per-state charge-off rates across 2 states
- Startup risk premium and job creation velocity
- 2-year lending trend
Instant access. No subscription.
A 25.0% charge-off rate means roughly 1 in 4 franchisees failed to repay their SBA loan. Investigate what changed.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Declining unit base, undisclosed financial performance, litigation history in financial services, and heavy royalty burden create meaningful risk in a shrinking check-cashing market.
Audited financials (Item 21)
Yes · CliftonLarsonAllen LLP
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Score breakdown · what drove the 89 / 100 rating
- 01MINORUnit count declining 7.7% YoY (48 units) indicates shrinking franchise system and potential market saturation or franchisee struggles
- 02MEDNo Item 19 (average revenue/income) disclosed — inability to assess profitability or validate return on $226k-$297k investment
- 03MINORRoyalty structure heavily tilted toward gross receipts (5%) on ancillary services with minimal per-check fees (0.2%), creating unpredictable cash flow and high ongoing burden
- 04HIGHLitigation history alleging check cashing facilitated theft/embezzlement, even though dismissed, signals regulatory/compliance risk in financial services
- 05MINORLow franchise fee ($30k) relative to total investment suggests franchisor retains majority value through royalties, misaligning long-term interests
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 15 years |
|---|---|
| Renewal term | 15 years |
| Allowed renewalsℹ | 1 |
| Territory type | Radius |
| Protected territory | Yes |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Right of first refusalℹ | Yes |
| Termination notice | 7 days |
| Mandatory arbitration | No |
| Jury trial waiver | Yes |
| Governing law | New Jersey |
| Litigation count | 1 |
Items 10, 11
Training & Operations
- Classroom training
- 40 hrs
- On-the-job training
- 0 hrs
- POS system
- Tellermetrix or Cashwise
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Tellermetrix or Cashwise
Item 20 · call current owners
Franchisee Contacts
49 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
United Check Cashing · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a United Check Cashing franchise?
The total investment to open a United Check Cashing franchise ranges from $226K – $297K, with an initial franchise fee of $30K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do United Check Cashing franchise owners earn?
United Check Cashing does not disclose average franchise owner earnings in their FDD Item 19. Not all franchisors are required to make financial performance representations. We recommend asking existing franchisees directly about their financial experience.
What is United Check Cashing's franchise failure rate?
Based on SBA 7(a) loan data, United Check Cashing has a charge-off rate of 25.0% across 32 loans, meaning 25.0% of franchise loans were charged off. Charge-off rates are one proxy for franchise risk, though they do not capture all closures. This data comes from FOIA-sourced SBA lending records.
How many United Check Cashing franchise locations are there?
As of their most recent FDD filing, United Check Cashing has 48 total units in the United States, including 64 franchised units and 0 company-owned units.
Is United Check Cashing a good franchise to buy?
FranchiseVerdict rates United Check Cashing as a F-grade franchise with a risk score of 89 out of 100, based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.