I would like to start my own check-cashing store but i don't know where to start or what to do. Any advice?
- Anonymous1 decade agoFavorite Answer
Talk about the question tailor-made for me, wow! I actually work at ACE Cash Express, which is one of the nations largest check cashing companies. And guess what, so does my wife!
Anyway, my advice would be to apply at on of the neighborhood check cashing companies - preferably ACE - for the "Center Manager" position. You can do this at www.acecashexpress.com.
What I would do is work with us for a year or more, this will allow you to get to know the basics of the business - what to charge, how to spot fakes, who to use for money transfers, and all the inside information you will need to be successful on your own.
After you feel comfortable that you know the business, you can ask whoever your work for if they offer franchise opportunities, or buy your own store (each have distinct advantages).
I wil tell you this, I love the company I work for, so if you have a chance, come aboard. You may decide to stay with us and move up the corporate ladder. We offer a lot of opportunities for rising stars! Good luck!!
- JudyLv 71 decade ago
You'll need a substantial amount of money so you can cash the checks, and some way to judge whether checks are good or you'll be broke in a hurry. Then you need a location where people would be looking for this service.
- 1 decade ago
Start with knowing the laws in opening one. Go from that list, because they tell you what you need to have. Mostly about $50,000 in assets here in Nevada. Good Luck.