Presented by Cash Converters

Cash Converters franchises – An excellent business opportunity from a world-class brand

 ·5 Jun 2024

Cash Converters franchises present an excellent opportunity for South Africans who want to leverage a trusted brand to generate great returns.

With over 30 years of local industry experience, Cash Converters is one of South Africa’s most recognisable brands and is the first place many South Africans go to when buying or selling high-quality second-hand products, as well as the most convenient way to take out a short-term loan.

Its unrivalled business model has stood the test of time because it taps into the needs of local consumers, while also being flexible enough to adapt to changing consumer trends.

When owning a Cash Converters franchise, you will benefit from Cash Converters’ excellent brand image, globally-proven business model, and commitment to turnkey franchising – all while remaining your own boss.

Advantages of becoming a franchisee

The Cash Converters franchise opportunity provides a unique business opportunity – a “three-in-one” model that sets this franchise apart from other franchise models by creating three different possible revenue streams.

These are complementary to each other, creating diversity under one roof.

The Cash Converters model has shown its resilience during any economic cycle, creating a sustainable business for franchisees.

Cash Converters is best known for its second-hand marketplace, which creates a safe and convenient place for customers to buy and sell quality second-hand items.

Customers looking to sell their household items such as cellphones, laptops, gaming consoles, household appliances, jewellery and more walk in with unused items and walk out with cash.

The Cash Converters retail floorspace offers customers various outstanding household items at great prices, while the webshop spreads the retail offering to a broader array of people, allowing customers access to quality items, anywhere in the country!

Apart from sharing the brand with new customers, the webshop creates another retail opportunity for franchisees to make sales.

Cash Converters is also a reliable loan destination, offering customers access to cash via two loans products:

Cash Advance is a one-month loan against things you own, like phones, electronics, and appliances.

Payday loans are one-month loans against your salary, and are payable via debit order upon the receipt of your next salary.

Across all of these offerings, support is a fundamental pillar of the Cash Converters franchise business model.

This ranges from extensive training programmes for franchisees and store staff on an ongoing basis to in-field experts on hand to offer practical, on-the-ground advice and insights into the store’s day-to-day running.

It will take hard work – all good businesses do – but if you put in the effort, you can benefit handsomely from Cash Converters’ globally proven recipe for success.

Become a Cash Converters franchise owner

Through its process-driven approach, Cash Converters will help you every step of the way on your journey to becoming a successful franchise owner.

This includes providing you with a comprehensive initial business plan that outlines your cash flow projections and initial costs, assistance with securing funding from a bank, and a turnkey build and store opening process.

This is all driven by experts from within the Cash Converters head office team as part of their onboarding process.

A brand-new Cash Converters store is roughly 250sqm and costs about R4.5 million (including VAT).

The standard funding requirement is that the franchisee contribute at least 50% of the total investment amount as unencumbered capital, and a bank will use the franchisee’s balance sheet to fund the balance of the loan amount.

Cash Converters has a 30-year track record of success thanks to its process-driven approach, and by leveraging this and combining it with your own hard work, you can look forward to owning a successful business.

Don’t miss out on the excellent opportunity that is starting your own Cash Converters franchise.

Send an email to Nicole for more information about becoming a Cash Converters franchisee or complete the form below to be contacted:

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