COVER STORY
Consequently, many of the latest products have seen their value increased significantly within the second-hand market, this is something that the CeX commercial team has been able to predict and price appropriately for, using the in-house bespoke tools they have developed. And as a result they have been able to maximise the margins achieved for the business and its franchisees.
Recessions and economic slow down Economic growth is back – but for how long many ask? Consumer spending and investor confidence has been unpredictable over the last few years owing to the pandemic and Brexit, as well as rising inflation and fuel costs. CeX has not only already survived three recessions, it has thrived through them, growing exponentially during those uncertain times. This is largely due to all the products
CeX sells being sourced from the same location they purchase them – the customer. Supply and demand curves are measured constantly and are somewhat predictable when you have nearly 30 years of data to analyse. In addition, not being tied into supplier deals or promotions, or having to worry about driver shortages or rising fuel costs, allows CeX to change buy and sale prices to
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meet market demands and to smooth out seasonal lows, as well as capitalise on peaks. In fact, CeX are so confident that you will be satisfied with your investment in a CeX franchise that they offer a Buy- Back Guarantee if you're not. Subject to conditions, CeX will refund stock, shop build and fit-out costs, and take over the store management and running costs should the franchise not meet expectations.
“CeX are so confident that you will be satisfied with your investment in a CeX franchise that they offer a Buy-Back Guarantee if you're not”
So, if not now… when? With just 387 CeX stores in the UK there are still plenty of opportunities left – as well as franchising and master franchising opportunities across the globe. Make 2022 the year you work for yourself; contact the head office team today to start a conversation.
webuy.com/franchising
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