Summary of Operation:
One of the UK’s top 10 discount retailers, Cash Generator specialise in the buying and selling of nearly new products and viewed by many as the eBay of the high street. With 190+ stores, franchise owners benefit from Cash Generator’s multiple income streams, alongside its retail services, the company also offers additional competitive financial services including cheque cashing, Western Union worldwide money transfers and foreign currency exchange. One in three franchise owners have opened additional outlets such was the success of their first store.
Ideal Franchise Owner:
Good communicator with drive, business acumen, man management ability, enthusiasm and a welcoming personality.
Initial eight-week CIPD approved training course.
Cash Generator head office and also in store.
Ongoing training and marketing are provided along with field support in all areas.
Year Established: 1994
Year of First Franchise: 1997
Number of Company Outlets: 50
Number of Franchised Outlets: 140
Franchises Planned: 300
Areas of Priority Development: UK
Overseas Opportunities Exist: No
Overseas Opportunities Planned: Holland, Spain, Belgium, Greece, France, Germany, Poland.
Total Cost of Franchise: From £80,000 + VAT plus financing.
Initial Investment: £60000
Management Service Fees Payable: 5.5% of sales after VAT.
Breakdown of Package: Shop fitting, stock, initial fee, working capital, full training.
Financial Assistance Available: Most high street banks.
BFA Member: Full
IFA Member: No