Cash Converters

Cash Converters

World Franchise Centre

Cash Converters

Cash Converters


“850+ Shops in 23 Countries: The World's Premier Retailer of Pre-Owned Goods”

Country of Origin:
Australia
Australia

 

Operational/Signed (Outlets)

  • Australia  
  • Ireland  
  • Belgium  
  • USA  
  • Netherlands  
  • Italy  
  • New Zealand  
  • UK  
  • South Africa  
  • Thailand  
  • Spain  
  • Portugal  
  • Singapore  
  • UAE  
  • Switzerland  
  • Malaysia  
  • Canada  
  • Mexico  

Planned/Available

  • Saudi Arabia
  • Bahrain
  • Kuwait
  • Oman
  • Jordan

Cash Converters has pioneered the transformation of the buying and selling of pre-owned goods.

At Cash Converters we provide today's consumers with a modern, clean, professional and convenient environment in which to sell used or unwanted goods for cash instantly.

Products are bought cash from individuals and sold to individuals. They are tested prior to purchase and sold with a guarantee.

Many of our hugely successful stores around the world have a wide selection of products on sale at margins often considerably higher than when the product was originally bought and sold.

In the Middle East, the demand is generated by the medium and lower classes and the millions of expatriates. The Gulf countries are the perfect market supply with high consumption habits and strong buying power.

Whereas many other franchises involve buying products from the franchisor, Cash Converters trains its franchisees to buy products from their local market in an effective way, which sets us apart from other franchises.

There are typically more than one Cash Converters business model around the world, the model applied for each particular country depends mainly on the market needs and local legislations.

APPLICABLE PROFIT STREAMS FOR GCC AND EUROPE

  • Buying & Selling: The activity of buying and selling goods with a profit. This profit stream is applicable all around the world.
  • Buybacks: An agreement in which Cash Converters commits (31 days) to resell the same item to the same original seller, with a commission fee. This profit stream is applicable all around the world because it involves a commission.
  • Pawning: To deposit an object as security in exchange of money borrowed. This profit stream is not applicable in the GCC countries and EUROPE because it involves an interest rates forbidden by local authorities and legislations.

You will be joining a franchise with a strong support network.

Cash Converters brand offers full support and training both at the beginning of the relationship and throughout. This essential support provides you with an experienced team to advise you on an ongoing basis.

Cash Converters has developed a comprehensive training program for franchisees. Each franchisee is required to attend a four-week training course.

Right from the beginning you will be helped, guided and monitored so that your business gets the best possible start.

Unique Business Proposition

  • Our dedicated in store computer software manages the daily functions, it features:
    • Unique barcode allocation on all products for easy tracking throughout the business.
    • Individual levels of access and control for every member of staff.
    • Stock transfer facility between stores.
    • We also provide a full reporting and analysis facility of all key ratios within the business by day/week/month, etc. including the performance of individual staff.
    • Four-weeks training in United Kingdom this will take the form of in-store experience and classroom based training
    • Excellent web presence with online purchasing available.
 

Investor Profile
Our ideal Franchisee has the following credentials:

  • Experienced retailer
  • Solid financials and access to capital
  • Passionate about the brand (not just a brand collector)
  • Committed to grow the brand in their specific country
  • High personal standards: excellence, honesty and integrity

Thank you for your interest we will be happy to set up a meeting to discuss matters in greater detail. We look forward to hearing from you and meeting you soon.

International Licence Fee: Upon Application

 

 


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