Cash Converters Franchise Opportunity

 
 
   Cash Converters
          
                

Cash Converters has grown to become the world’s largest international retail chain specialising in the buying and selling of pre-owned goods.

Launched in Perth, Australia in 1984, Cash Converters International has grown to become the world’s largest cash and asset converter specialising in the buying and selling of second-hand goods. Cash Converters International has over 750 stores operating internationally over four continents, in 22 countries.

In 2015 Cash Converters celebrates 20 years of Franchising in Southern Africa.  Number of Outlets: 80+

Cash Converters has grown to become the world’s largest international retail chain specialising in the buying and selling of pre-owned goods.
A total investment of between R2.6 million and R3.2 million is required for a Cash Converters franchise.

3 income streams in 1

  1. We buy…Cash Converters gives cash on the spot for unwanted items in good working condition.
  2. We sell…Cash Converters sells unusual and different products, as well as those household essentials at prices you can afford.
  3. We loan cash…Cash Converters provides secured loans against valuables for a 30 day period through Cash Advance. PayDay Advance and 1|2|3 is an unsecured loan against the customers next salary

Finance Details

A total investment of between R2.6 million and R3.2 million is required for a Cash Converters franchise. (R1.3 million or 50% unencumbered capital is required, the balance can be financed).
Size of store:

  • MINI: Approximately 250m² (± R2.6m to set up)
  • MIDI: 250m²-500m² (± R3.2m to set up)

Cash Converter franchisees can make up to R300 000 net income per month.

How much money can you make?

When you own a Cash Converters store, you’ll be able to generate income from multiple streams. While our primary offering is the retail of quality second hand household goods, we also loan cash through three convenient and popular services, namely Cash Advance, PayDay Advance and the new 1 | 2 | 3 loan with more products and services being introduced in the future.

What do you get for the investment?

For your investment you get a total turnkey operation including:

  • Store build out
  • Fixtures and fittings
  • Security
  • Opening stock
  • Working capital
  • Assistance with set up from business plan to opening and beyond
  • Full training

Franchise opportunities for Cash Converters are available throughout South Africa.

KwaZulu-Natal

  • Ballito
  • Chatsworth
  • Durban Central
  • Hillcrest
  • The Bluff
  • Phoenix
  • Port Shepstone
  • Queensborough
  • Westville

Mpumalanga

  • Ermelo
  • Middelburg
  • Piet Retief
  • Secunda

Gauteng

  • Atterbury
  • Blairgowrie
  • Booysens
  • Brackenhurst
  • Bryanston
  • Carltonville
  • Craighall Park
  • Cyrildene
  • Edenvale
  • Greenside
  • Illovo
  • Lenasia
  • Linden
  • Mamelodi
  • Marlboro
  • Midrand
  • Mellville
  • Parkhurst
  • Parkmore/Benmore
  • Rivonia
  • Rosebank
  • Sandton
  • Southgate
  • Soweto
  • Sunninghill
  • Sunnyside
  • Turffontein
  • Vereeniging

Northern Province

  • Bela Bela
  • Polokwane
  • Tzaneen
  • Lephalale
  • Giyani
  • Modimolle

Northern Cape

  • Kimberley
  • Upington

Western Cape

  • Atlantis
  • Belville
  • Claremont
  • Durbanville
  • Fish hoek/Noordhoek
  • Gardens
  • Kenilworth
  • Mosselbay
  • Oudtshoorn
  • Plumstead
  • Rondebosch
  • Stellenbosch
  • Strand
  • Tokai
  • Worcester

Eastern Cape

  • Grahamstown
  • Port Elizabeth
  • Queenstown
  • East London
  • Uitenhage

North West

  • Klerksdorp
  • Mafikeng
  • Potchefstroom
  • Vryberg

Namibia

  • Swakopmund
  • Oshakati

Initial training and support

Our comprehensive two week classroom and 300 hour in-store training programme assists new Franchisees in developing important business skills, and becoming familiar with the services that Cash Converters offers. In order to prepare your new team members, we provide practical, in-store instruction and classroom-based learning to ensure that each employee has experience in every job role. This way, they can put this knowledge into practice before they open the doors to their successful new franchise.

Ongoing training and support

Cash Converters has a qualified operations support team that offers ongoing support in the form of regular store visits, reviews, audits as well as continuous IT and advertising support.

Why Choose Us? The Lifestyle of a Cash Converters Franchisee

Cash Converters not only offers you financial stability but we also offer balanced work/family life. Unlike most other franchises, our stores operate from 09h00 – 17h00 weekdays and 09h00 – 14h00 on Saturdays. This enables you to spend more time with your family.

Cash Converters

Cash Converters Southern Africa was co-founded in 1994 when Richard Mukheibir (Managing Director) and Peter Forshaw (Financial Director) bought the licence to establish a master franchise of the Australian brand, the world leader in trading and marketing second-hand goods and now the world’s largest cash and asset converter. Cash Converters Southern Africa purchases merchandise from customers, enabling them to have instant access to cash. Since 2007, it has also offered short term loans against a customer’s valuables or against their salary.  Cash Converters Southern Africa is built on a solid foundation of franchisee owner operators, guided by core values of passion, professionalism, integrity, respect and collaboration. It has already empowered nearly 100 franchisees to run their own businesses and create their own wealth. Each franchise store, in turn, provides job opportunities for an average of 12 employees, each supporting about five other people. This network of businesses is supported by robust processes and systems and ongoing training programmes for franchisees and staff.

Dynamic growth of up to 20% per annum has created more than 80 Cash Converters franchise stores in Southern Africa (as at 1 July 2017). These stores process over 2.2 million transactions a year and have a combined annual turnover in excess of R1.2bn across all products and services.

They are part of the rapidly expanding Cash Converters International network of more than 700 stores around the world. These can be found in such diverse countries as Australia, the founding country, the United Kingdom, Thailand, New Zealand and the UAE, as well as South Africa. Cash Converters Southern Africa was a finalist for the Franchise Association of South Africa Franchisor of the Year Awards in 2014, 2015 and 2016.

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MTI (Maximum Total Investment)
R2,000,000 - R3,000,000
R3,500,000 +
Province
Western Cape
Eastern Cape
Northern Cape
Free State
KwaZulu-Natal
Mpumalanga
Gauteng
Limpopo Province
North West
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