{"id":12304,"date":"2022-01-19T11:14:58","date_gmt":"2022-01-19T11:14:58","guid":{"rendered":"https:\/\/www.franchiselocal.co.uk\/news\/?p=12304"},"modified":"2022-01-27T10:50:00","modified_gmt":"2022-01-27T10:50:00","slug":"can-i-buy-a-cash-converters-franchise","status":"publish","type":"post","link":"https:\/\/www.franchiselocal.co.uk\/news\/can-i-buy-a-cash-converters-franchise\/","title":{"rendered":"Can I Buy A Cash Converters Franchise?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_88 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #101010;color:#101010\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #101010;color:#101010\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www.franchiselocal.co.uk\/news\/can-i-buy-a-cash-converters-franchise\/#can-i-buy-a-cash-converters-franchise\" >Can I buy a Cash Converters franchise?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www.franchiselocal.co.uk\/news\/can-i-buy-a-cash-converters-franchise\/#becoming-a-cash-converter-franchisee\" >Becoming a Cash Converter franchisee<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www.franchiselocal.co.uk\/news\/can-i-buy-a-cash-converters-franchise\/#the-franchise-model-explained\" >The franchise model explained<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www.franchiselocal.co.uk\/news\/can-i-buy-a-cash-converters-franchise\/#why-buy-a-franchise\" >Why buy a franchise?<\/a><\/li><\/ul><\/nav><\/div>\n<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> 3<\/span> <span class=\"rt-label rt-postfix\">minutes<\/span><\/span><p>We all like a bargain, and, every year, consumers worldwide make their hard-earned cash go further by buying and selling pre-loved items.<\/p>\n<p>The Australian-born company, <a href=\"https:\/\/www.cashconvertersfranchise.co.uk\/\" target=\"_blank\" rel=\"noopener\">Cash Converters<\/a>, landed on British soil in 1991 and specialises in the trade of pre-loved products, including electronics, phones, jewellery and much much more.\u00a0 This incredibly successful company has 1300 staff across 222 stores in the UK, 161 of which are franchise businesses.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"can-i-buy-a-cash-converters-franchise\"><\/span>Can I buy a Cash Converters franchise?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>YES, you can buy a Cash Converters franchise in the UK! Although the start-up costs for this franchise can be fairly steep, you\u2019ll get this back in spades. Within two years, many Cash Converters franchisees enjoy a revenue of \u00a3204,000.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"becoming-a-cash-converter-franchisee\"><\/span>Becoming a Cash Converter franchisee<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Cash Converters is incredibly proactive when it comes to building its empire through franchising, and it offers the following extremely attractive benefits:<\/p>\n<ul>\n<li>A unique turnkey package designed to get you up and running as quickly as possible<\/li>\n<li>Comprehensive startup support<\/li>\n<li>Support with the selection of your site and negotiation of your lease<\/li>\n<li>Support with the design and layout of your store<\/li>\n<li>Training<\/li>\n<li>Support with recruitment<\/li>\n<li>Help with marketing and promotion of your store<\/li>\n<li>Online support tools<\/li>\n<li>A comprehensive personal support package including regular visits from your Business Development Manager, advanced training and access to the company\u2019s customer service and compliance team<\/li>\n<li>A year conference<\/li>\n<\/ul>\n<p>Sounds pretty good, right?\u00a0 Absolutely, but before you go sailing over to the Cash Converters site, there are a few things you need to know:<\/p>\n<ul>\n<li>To become a Cash Converters franchisee, you\u2019ll need to be able to get your hands on \u00a330,000 in initial franchise fees to be paid to the franchisor on the signing of your contract.<\/li>\n<li>You\u2019ll need to have liquid assets of \u00a3250,000, which is required to cover the securing of your premises, staff salaries and more.<\/li>\n<li>You\u2019ll be <a href=\"https:\/\/www.franchiselocal.co.uk\/news\/franchise-royalty-fees-what-are-they-and-how-much-should-they-be\/\">paying a percentage of your takings<\/a> to the franchisor every month for ongoing training, insurance, support and resources.<\/li>\n<li>The Cash Converters franchise contract runs for ten years, and you will need to pay a further fee should you decide to renew your contract at the end of this term.<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-12305\" title=\"cash converters franchise\" src=\"https:\/\/www.franchiselocal.co.uk\/news\/wp-content\/uploads\/2022\/01\/cash-converters-franchise.jpg\" alt=\"cash converters franchise\" width=\"810\" height=\"539\" srcset=\"https:\/\/www.franchiselocal.co.uk\/news\/wp-content\/uploads\/2022\/01\/cash-converters-franchise.jpg 810w, https:\/\/www.franchiselocal.co.uk\/news\/wp-content\/uploads\/2022\/01\/cash-converters-franchise-300x200.jpg 300w, https:\/\/www.franchiselocal.co.uk\/news\/wp-content\/uploads\/2022\/01\/cash-converters-franchise-768x511.jpg 768w, https:\/\/www.franchiselocal.co.uk\/news\/wp-content\/uploads\/2022\/01\/cash-converters-franchise-150x100.jpg 150w, https:\/\/www.franchiselocal.co.uk\/news\/wp-content\/uploads\/2022\/01\/cash-converters-franchise-600x399.jpg 600w, https:\/\/www.franchiselocal.co.uk\/news\/wp-content\/uploads\/2022\/01\/cash-converters-franchise-696x463.jpg 696w, https:\/\/www.franchiselocal.co.uk\/news\/wp-content\/uploads\/2022\/01\/cash-converters-franchise-631x420.jpg 631w, https:\/\/www.franchiselocal.co.uk\/news\/wp-content\/uploads\/2022\/01\/cash-converters-franchise-20x13.jpg 20w\" sizes=\"auto, (max-width: 810px) 100vw, 810px\" \/><\/p>\n<h4>How do I get started with a Cash Converters franchise?<\/h4>\n<p>If you feel that you\u2019ve got what it takes to become a Cash Converters franchisee, then you\u2019re ready to start the 10 step process.<\/p>\n<p>This begins with heading to the <a href=\"https:\/\/www.cashconvertersfranchise.co.uk\/register-your-interest\/\" target=\"_blank\" rel=\"noopener\">Cash Converters website to fill in an application form<\/a>.\u00a0 Next, you\u2019ll be required to put together a <a href=\"https:\/\/www.franchiselocal.co.uk\/news\/writing-a-franchise-business-plan\/\">business plan<\/a> and provide evidence that you have the necessary cash or access to funding.\u00a0 If successful, you\u2019ll embark on a 10-week owner\/operator training program designed to equip you with all the tools you need to start and run a successful Cash Converters business.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"the-franchise-model-explained\"><\/span>The franchise model explained<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>You\u2019ve no doubt come across the word \u2018<a href=\"https:\/\/www.franchiselocal.co.uk\/news\/franchising-definition-meaning\/\">franchise<\/a>\u2019 but may not know exactly what it entails.\u00a0 This is essentially a way in which anybody can become a business owner, even if they don\u2019t have a huge amount of capital, years of experience or a fabulous and unique business idea.<\/p>\n<p><a href=\"https:\/\/www.franchiselocal.co.uk\/news\/franchising-definition-meaning\/\">Franchising<\/a> gives you the chance to grab yourself a slice of an established and successful business for a relatively modest financial investment.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"why-buy-a-franchise\"><\/span>Why buy a franchise?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>This model helps you bypass the considerable risk often involved when you start up your own independent business.\u00a0 Additionally, you benefit from the experience and low-cost resources that a large company can offer.<\/p>\n<p>This model involves an individual (<a href=\"https:\/\/www.franchiselocal.co.uk\/news\/the-difference-between-a-franchisor-and-franchisee\/\">the franchisee<\/a>) paying an initial investment fee to a company (<a href=\"https:\/\/www.franchiselocal.co.uk\/news\/the-difference-between-a-franchisor-and-franchisee\/\">the franchisor<\/a>) which gives them access to all the training, rights and equipment they need to get up and running with their business.<\/p>\n<p>Once the business is in operation, the franchisee will pay a percentage of their monthly takings or profits to the franchisor in exchange for ongoing support and rights to the branding.<\/p>\n<p>While the franchisee will often be responsible for some marketing and promotion efforts, they will also have the advantage of the franchisor\u2019s national advertising efforts, including television and radio.<\/p>\n<h4>Conclusion<\/h4>\n<p>Across the globe, the pre-owned product market is booming and, getting on board with a Cash Converters franchise gives you the chance to grab a chunk of this lucrative business for yourself.<\/p>\n<p>When embarking on any business or franchise opportunity, always <a href=\"https:\/\/www.franchiselocal.co.uk\/news\/what-is-a-franchise-agreement-and-how-to-properly-analyse-it\/\">hire a solicitor to take a look at the contract for you<\/a> to make sure that you know exactly what you\u2019re getting into before the contracts are signed and sealed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>We all like a bargain, and, every year, consumers worldwide make their hard-earned cash go further by buying and selling pre-loved items. The Australian-born company, Cash Converters, landed on British soil in 1991 and specialises in the trade of pre-loved products, including electronics, phones, jewellery and much much more.\u00a0 This incredibly successful company has 1300 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":12346,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1467],"tags":[],"class_list":["post-12304","post","type-post","status-publish","format-standard","has-post-thumbnail","category-franchise-information"],"acf":[],"jetpack_featured_media_url":"https:\/\/www.franchiselocal.co.uk\/news\/wp-content\/uploads\/2022\/01\/CashConvertersLogo.jpg","_links":{"self":[{"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/posts\/12304","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/comments?post=12304"}],"version-history":[{"count":0,"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/posts\/12304\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/media\/12346"}],"wp:attachment":[{"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/media?parent=12304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/categories?post=12304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/tags?post=12304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}