Cash Converters Franchise
Business Description
The Resale Revolution
Cash Converters is recognized as the worldwide leading innovator in the field of value retailing. People have been trading goods for hundreds and hundreds of years. The primal instinct to exchange one thing for something else probably pre-dates written history. It's an instinct that drives bargain hunters to garage sales and auction lovers to on-line sites. The desire to strike a deal, to barter or to think you have obtained something for virtually nothing is the reason Cash Converters came into existence. What started out as seven outlets in Perth Australia back in the 80's is now a worldwide retail phenomenon with over 500 stores established in the United Kingdom, France, Spain, Malaysia, New Zealand the US and Canada.
Services - Cash Converters is a retailer specializing in the buy and sell of second hand goods. Customers bring in a wide range of merchandise: jewellery, home entertainment units, car audio systems, musical instruments, power tools, video games and game systems, TV's, DVDs and just about anything portable. Once a person with something to sell enters the Buy Shop, "the eleven steps of buying" begin. This is a negotiation system designed by Cash Converters, just one of the many tools provided to a Franchisee.
It's a simple and effective process that keeps both sellers and buyers coming back. That's what it's all about.
Consignment - Cash Converters accepts customer merchandise on a consignment bases.
BuyBacks - Some Cash Converters also provide their customer with a BuyBack option.
Cheque Cashing
Pre-Paid Master Cards
Pre-Paid Debit Cards
I Am Interested
Pictures
No pictures currently available.General Information
Selection Process
The selection of a new Cash Converters Franchisee is an important decision involving an interview approval process. Not everyone who applies for a franchise will meet the criteria necessary to be a Cash Converters Franchisee. For mutual success and satisfaction we must ensure that each potential Franchisee possesses the necessary drive, management skills, financial means and dedication required in today's competitive retail market.
A Cash Converters Franchisee may be a hands-on operator or an investor with a management team to operate the store. Both options are allowed and have proven successful under our concept.
Financial Information
Investment
The total investment for a Cash Converters store ranges from $160,000 - $250,000. Of the franchise cost $50,000 - $100,000 must be unencumbered cash or liquid assets. The remaining amount may be financed through various lending programs offered by the chartered banks, providing of course the candidate meets the normal borrowing requirements.
Included in the cost of the franchise:
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Working capital |
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Point of Sale System |
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Fixtures |
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Furnishings |
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Opening Inventory |
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Testing Equipment |
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Use of Cash Converters manuals |
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Right to use the Cash Converters trademarks |
