United Check Cashing
Bottom line
- Total investment $226K – $297K including a $30K franchise fee.
- No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
- Rated MODERATE with a risk score of 65/100. SBA loan default rate of 0.0% across 6 loans (below the industry average).
- 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
Yale framework · single-unit ROIC
Returns Analysis
Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.
The model · Yale framework
What would one United Check Cashing unit return on the cash you put in?
Unlevered ROIC · per unit
37%
In Yale's "attractive" band (30–60%)
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.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
Item 20 · unit dynamics
The Growth Chart
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 phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.
Government records
SBA Loan Data
Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.
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.
Score breakdown · what drove the 65 / 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
Item 11
Training & Operations
Item 20
Franchisee Contacts
Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.
Franchisee contacts
49 numbers
One-time purchase · CSV download · Validation questions included
FDD download
United Check Cashing · FDD (2025) PDF