Reap the benefits with Cash Converters

With 200 stores across the UK, Cash Converters, the UK’s number one high street retailer of pre-owned goods, is looking to explore franchise opportunities in previously untouched territories across the UK

South Wales, Scotland and Leicestershire are three key areas that Cash Converters’ Franchise Managers are looking to recruit new franchise owners from. The 27 year old company has recently celebrated its 200th UK store opening and has set ambitious targets to open a further 50 stores in the next 12 months.

David Patrick, Chief Executive of Cash Converters, believes that the people at the heart of the business are instrumental in driving this continued growth. Coupled with strong investment in the brand and the launch of the Personal Finance services, Cash Converters continues to go from strength to strength.

David says: “We have a great network of franchise stores and our corporate store presence is continuing to grow. We currently have 82 franchise owners on board, many of who have multiple stores after experiencing great success with their first venture.”

The 200th store opening is a huge milestone for Cash Converters and takes place only six months after announcing the worldwide 600th store opening, in Sidcup, Kent. These landmark achievements reinforce Cash Converters position as the leading player in the market place and puts the retailer in a strong position for continued growth in 2011 and 2012.

Cash Converters transformed the concept of buying and selling pre-owned goods. Since being launched in Australia in 1984, the company has grown enormously with more than 600 stores in over 21 countries worldwide. It is a unique business, in that it operates both retail and financial service. With banks continuing to restrict lending, the personal finance division of the business is expanding with more and more franchise stores realising the benefit of this additional offer.

David continues: “Cash Converters has seen double figure percentage increases for the last eight years, and a noticeable acceleration in growth during the last three years. Our sharp looking stores, modern retailing practices, professional management techniques and high ethical standards which are present in all Cash Converters stores set us apart from the competition and ensure that we remain number one in the UK.”

A Cash Converters franchise owner needs to be able to demonstrate commitment, passion and a determination to succeed. The company actively encourages and facilitates store visits for potential franchise owners where they have the opportunity to speak with existing franchise owners. They are able to give valuable advice and tips to help in the decision making process. All have realised the great potential of the Cash Converters franchise concept and, in fact, many own more than one store.

One of the most comprehensive training programmes in the industry is available to all Cash Converters franchise owners. Investment levels start from £125,000 plus financing and franchise owners receive ongoing support and advice, from choosing the perfect location to recruiting staff, marketing support and purchasing initial stock.

David Patrick concludes: “This is certainly a great time to become part of one of the fastest growing retail businesses in the world.”

For information on locations where Cash Converters currently has new franchise owner opportunities available please contact Cash Converters’ Operations Support team and take the first step towards success.

Written by Roger Warren, Head of Cash Converters Operations Support