CeX Ltd
 
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Summary of Operation:
Retailer of second-hand electronic and digital entertainment products. We trade in videogames, DVDs, mobile phones, digital electronics, computing, vision products and CDs.

Ideal Franchise Owner:
Retail management experience, this is an owner/manager opportunity.

Training Provided:
Full turn-key solution.

Training Location:
Coventry for basic training and a local corporate store for ongoing training.

Support Services:
Initial training and ongoing procedure updates. Stock and pricing advice from experts. Ongoing support including intranet and B services. Hands-on store identification, design and outfit. Bespoke EPOS system designed especially for buying, selling and exchanging goods.



Year Established: 1992
Year of First Franchise: 2006
Number of Company Outlets: 62
Number of Franchised Outlets: 85
Franchises Planned: 150+
Areas of Priority Development: All UK, particular focus on Scotland and Wales.

Overseas Opportunities Exist: Yes. Currently operating corporate stores in Spain and the US.
Overseas Opportunities Planned: Franchise stores in Spain and the US, Republic of Ireland and India.

Total Cost of Franchise: £250,000 + VAT plus working capital.
Initial Investment: £150000
Management Service Fees Payable: 8%
Breakdown of Package: £20,000 license fee and £10,000 training and opening support fee includes free training for life for franchise owners and employees.
Financial Assistance Available: Accreditation with major banks.

BFA Member: Associate
IFA Member: No

Projected
Turnover
Projected
Profit
Year 1£900,000£60,000
Year 2£1,100,000£75,000
Year 3£1,300,000£90,000

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