Summary of Operation:
As the UK’s leading retailer of pre-owned goods and financial services providers, Cash Converters has transformed the concept of buying and selling second-hand goods. Using modern retailing practices, professional management techniques and with high ethical standards, our franchised stores are also supported by our commitment to training.
Ideal Franchise Owner:
It is vital that you can work within the parameters of the Cash Converters processes and procedures. You will need to be determined, hardworking, committed, and with a desire to succeed and reap the rewards.
Comprehensive training programme, where each franchise owner candidate is required to attend an intensive 10-week training course prior to opening to help them develop important business skills, and provide comprehensive training in all the services CCUK has to offer.
In-store, in-house workshops and head office.
A support structure is operated through Business Development Managers, Regional Trainers and Financial Development Managers all have specific experience in opening and developing Cash Converters Franchise stores.
Year Established: 1984
Year of First Franchise: 1991
Number of Company Outlets: 59
Number of Franchised Outlets: 164
Franchises Planned: Unlimited
Areas of Priority Development: England, Scotland and Wales.
Overseas Opportunities Exist: Worldwide
Overseas Opportunities Planned: AOR
Total Cost of Franchise: £223,000 + VAT plus working capital
Initial Investment: £85000
Management Service Fees Payable: £407 per week.
Breakdown of Package: Franchise Fee, opening stock, shopfit, IT costs, pre-opening costs and working capital.
Financial Assistance Available: Yes – relationships in place with several high street banks and specialised lenders.
BFA Member: Full
IFA Member: No