Redefining Buying and Selling
Cash Converters has redefined the centuries old concept of buying and selling pre-owned goods. Since its launch in Australia in 1984 the company has grown exponentially with more than 220 stores in the UK and 698 stores worldwide, making it the largest of its kind in the world.
As the UK’s number one retailer of pre-owned goods and a financial services provider, Cash Converters has enjoyed double digit growth for the last seven years. This success continues with 25 more stores on course to be open across the country this year.
Cash Converters is unique in that it operates both retail and financial services. It is estimated that some six million adults in the UK are excluded from traditional financial services and Cash Converters can plug the gap, providing customers with financial and credit facilities.
An award-winning national franchise chain, Cash Converters also has its own online auction website attracting 150,000 plus unique visitors per month.
Chief executive, David Patrick, puts this success down to the continuous investment in the brand and its services: “Our continued store growth reflects the popularity and wide range of services - from financial services, pawnbroking and Laybys, to Buybacks, that we are able to provide.
“We are constantly looking at ways to improve our customer service and with recent innovations like our dedicated Personal Finance Centres and new shop layouts; Cash Converters continues to lead the way in the market.”
David adds: “Modern retailing practices, professional management techniques and high ethical standards play a central part in all our franchised stores and the network is supported by our commitment to training, backed up by our new training centre opened in Cheshire earlier this year.”
Indeed, nothing is left to chance at Cash Converters. A franchise owner benefits from one of the most comprehensive training programs in the industry. To be a franchisee, investment levels start from £85,000 plus financing. Franchise owners receive ongoing support and advice from choosing the perfect location to recruiting staff, marketing support and purchasing initial stock.
In return a Cash Converters franchise owner needs to be able to demonstrate commitment, passion and a determination to succeed. Cash Converters actively encourages and facilitates store visits for potential franchise owners where they have the opportunity to speak with existing franchise owners.
Sue Hodgkinson, opened the 150th Cash Converters in Derby in early 2010. She said: “From a business perspective, a Cash Converters franchise represents a robust investment opportunity. The business does well in good times and bad and that’s an important consideration in these uncertain times.
“We have undergone a period of rigorous training and have benefitted from the knowledge of those who have gone through this process before. Sharing of best practice has enabled us to avoid many potential pitfalls.”
David concludes: “This is certainly a great time to become part of one of the fastest growing retail businesses in the world.”
For information on locations where Cash Converters currently has new franchisee opportunities, or if you would like to visit a store and speak with one of our franchisees, please register your details below and we will contact you.
More articles about Cash Converters (3 results)
Roger Warren, the Company’s Operation Support Manager, speaks about the sheer scale of the Cash Converters business.
Cash Converters, the UK's leading high street retailer of pre-owned goods and financial services, has won Best Online Marketing Campaign and were announced as a finalist for Best Website at the prestigious Franchise Marketing Awards 2013 (FMA) on Friday 15th March.