Why choose Cash Converters: Part 2
Last week, we unpacked the three different parts of our business, and shared how having three distinct revenue streams under one roof helps to create a recession-resilient environment. This week we talk about the money – what is the investment required to buy into a Cash Converters franchise opportunity?
It’s approximately R4 million including VAT to set up a Cash Converters store. The franchisee needs to have half of this capital in unencumbered cash – to cover the franchise fee and initial stock purchases, as well as to have start-up cashflow on hand. The balance of the 50% can be financed through an institution of your choice. Our dedicated franchise sales team is available to assist you with the compilation of a business plan for this purpose.
Be sure to read part three next week where we talk about our training and support structure.
If you would like to know more information about joining the Cash Converters franchise, click here.
*This article was updated in 2022