Cash Converters
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Cash Converters is the world’s largest and trusted specialist in the buying and selling of second hand goods and provides the fastest and easiest access to cash.

The Brand

Launched in Perth, Australia in 1984, Cash Converters has grown to become the world’s largest international retail chain specialising in the buying and selling of second hand goods. Cash Converters has over 700 stores operating internationally over four continents, in 21 countries globally.

Cash Converters Southern Africa started operating in October 1994 with a pilot site in Parow, Cape Town. Franchising began in late 1995 and from humble beginnings the group became the fourth largest territory internationally. Cash Converters Southern Africa has sold over 65 franchises, and currently have stores located in the Eastern Cape, Gauteng, KwaZulu Natal, Mpumalanga, North West, Namibia and the Western Cape.

Concept

Cash Converters is the world’s largest and trusted specialist in the buying and selling of second hand goods and provides the fastest and easiest access to cash. Cash Converters has been in South Africa since 1994 and has over 65 stores pan-Southern Africa and we are expanding. Cash Converters is the world’s largest franchised trader of second-hand goods and now also offers a range of personal cash loans. We provide fast and easy cash loans for our customers, which include Cash Advance™ and the PayDay Advance™ loans, quick and easy cash when you need it most.

Cash Converters stores are upmarket, well-located, modern retail outlets servicing a much needed niche in the marketplace. Our buyers purchase quality second hand merchandise from customers in their respective communities and then sell on at prices everyone can afford.

Cash Converters has changed consumer perceptions of its industry by the systematic application of modern retailing practices, professional management techniques and high ethical standards. We have successfully overcome the misconceptions of the traditional second-hand dealer.

It’s interesting to note that, even at the lowest point of the recent economic slump, Cash Converters stores generated double digit returns. Regardless of the financial climate, customers will always require our services.

Support

We offer unsurpassed training and support.

Our renowned and comprehensive 300 hour training programme assists new Franchisees to develop important business skills, and become familiar with the services that Cash Converters offers. In order to prepare new team members, we provide practical, in-store instruction and classroom-based learning to ensure that each attendee 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.

Are You Our Next Franchisee?

What we require:

– Motivated individuals
– High personal integrity
– Strong leadership qualities
– Excellent human resource management and communication skills
– Proven financial business acumen
– R 1.2 million unencumbered cash

INFO

When It All Began

Founders

Brian Cumins

Year Established

1984

1st Franchise Opened

1996 in South Africa
Brand Network

CEO

Richard Mukheibir

Head Office

Australia

No. of Outlets

65+ in South Africa

Available Opportunities

Throughout South Africa.

FASA Membership

Full
Investment (Excl. VAT)

Average set-up cost

R 2 – R 3,5 Million

Initial franchise fee

R 125 000

Initial Working Capital

On application

Minimum owners contribution

R 1.2 Million
Franchise Terms

Management services fee

5% of 3% of turnover

Marketing fee

4% of 2% of turnover

Initial agreement term

10 Years

Renewal term

10 Years
Cash Converters

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