Family Financial Centers primary focus for this year will be Acquisition/Conversions of existing check cashing stores with good cash flow. They have an opportunity now with the rapid expansion in the size of their market along with the consolidation going on in their industry, to pick up good stores with strong cash flow.

The type of candidate that is suitable for these types of opportunities will have a strong net worth ($500K+) and good liquidity (minimum of $100K+ in cash or cash-convertibles). These are the types of candidates they are looking for.  Their focus will be primarily the East Coast, Mid-Atlantic, florida and New England but we will also look at the Midwest, and Southwest (Texas) on a case by case basis.

Family Financial Centers is the closest thing to owning a neighborhood branch bank. We have a bank look and feel, and we offer a full menu of financial services to the “un-banked” or “under-banked” customer, typically a middle-income working family. Our services include check cashing, money orders, wire transfer, electronic bill payment, pre-paid debit card, gift card and buyback program and gold and precious metals purchasing. We are located in attractive suburban strip centers close to the customer’s home or work. The underlying business model is exceptional, providing good income and high return on investment. Our only inventory is cash, and we open and close our teller stations daily just like a bank. The business can be run with one to two people, and the owner can bring on a manager to run the store once the business is ramped up. We are doing acquisitions (for candidates who prefer an existing cash flow), new stores, and a “store in a store” kiosk concept that can go inside of an existing business (convenience store, grocery store, tax prep office, etc.). We offer single units, multiple units, and area development on a selective basis. Our typical candidate is an upper level corporate executive making a good income and with reasonably strong net worth, or an entrepreneur that is selling their business and looking to get into something else, or diversify into another business.  The current economic climate is actually conducive to our business, and this presents an opportunity for candidates to open and build a successful business at a time when other franchise concepts are struggling. With FFC they will be operating a branch bank for the ever-growing market of individuals that live “paycheck to paycheck” and depend on our services.