Payday Loan Franchise Information
Payday loan businesses are booming. Thousands of entrepreneurs are making huge profits offering cash advances. Various franchise companies are offering their help in starting and operating your new payday loan business. The question is, do you need their help? Does it make sense for you to pay a payday loan franchise company to teach you the ropes?
Please be aware that WE DO offer a payday loan system for sale. Additionally, we offer various Training Materials, boot camps in "live" stores and payday loan startup resources. The cash advance franchise industry is still in its infancy. There are no strong, well recognized payday loan companies with branding eliciting consumer recognition yet. Granted, if you were planning to enter the hamburger industry you would have no choice but to join a McDonalds or Burger King franchise network in order to succeed.
As experts in the payday loan industry, having opened our first location in Garden Grove, California in 1997, we offer the following responses to the payday loan franchise question:
- If you require a lot of "hand-holding" or want to be part of a system and collaborate with experienced operators our answer is YES buy a payday loan franchise.
- If you are willing to implement a proven business model, our answer is YES buy a payday loan franchise.
- If you do not mind paying 6% - 8% of your gross sales each month, our answer is YES buy a payday loan franchise
- If you have the minimum $37,500 to $185,000 cash available and are willing/able to achieve velocity in launching a payday loan business, a franchise can make sense.
- If you need help navigating through the licensing, bonding, development of creative content and a name for your payday loan business, a franchise can make sense.
- If you're concerned about going into a payday loan business by yourself and having to be "the lone-ranger," do not fret. A strong, experienced Franchisor is available. Check out our Boot Camp System and the advantages it offers.
Or begin with our Payday Loan Startup Manual (400+ pages - incl. store and Internet models) Priority Mail USPS Shipping or download now in Adobe Acrobat and save $$.
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Trihouse Enterprises, Inc.
601 East Charleston Blvd.
Las Vegas, Nevada USA 89104