FRANCHISOR Q&A
How much does a CeX franchise cost? A CeX franchise requires a total investment of between £150,000 and £250,000, with £40,000 at least of your own capital. Most of this investment will go towards stock and shop fitting. You can either open a small store or a larger one depending on the site and the available budget. The CeX franchise package includes
territory rights, training and ongoing support, store identification, design and outfit, opening stock and advice from experts throughout your journey. The CeX support team accessible and supportive, and are willing to help at any point if you are unsure about your next steps.
How do I go about raising capital to invest in a CeX franchise? As a member of the British Franchise Association CeX is accredited by most major banks, which will make it easier to find funding for your franchise. With a competitive business model and large potential revenues, CeX presents a great opportunity to get started with a franchise in a market with very little competition. Your allocated franchise manager will also provide support in your search for funding, including help with your business plan, making it dynamic, relevant and attractive for potential financial supporters, as it is important to ensure funding partners understand the business model and how it works.
What locations or territories are available? Finding a suitable new location for your store and securing high-street locations can sometimes be challenging, however, the CeX support team will be there to assist you in your search and advise you on the best options for you. The quicker you get in touch with CeX to get started, the quicker you can sort and secure your new location.
“When needed, CeX Support Centre experts are available to help at every step of the way and are just a phone call or email away”
Do you need any previous management experience to become a CeX franchisee? Not necessarily, however, retail management experience is preferable. Successful CeX franchisees ideally embrace a passion for technology and customer satisfaction, as well as strong business acumen. CeX provides all new franchisees with
a comprehensive 12-week minimum intensive training programme aimed to prepare you to run your franchise. During your journey, you will also be assigned a Regional Franchise Manager, who can assist you every step of the way.
Why should I choose a CeX franchise over other opportunities? Opening a CeX franchise can be a great opportunity to get involved in a recession-proof market with limited competition. Technology is a growing industry and, with more and more electronic gadgets being released each year, an increasing number of people are looking for cheaper alternative options, such as second-hand goods. CeX is so confident in its business
model that it offers a buy-back guarantee. Subject to conditions, CeX will take over your store management and running costs, and refund you stock, shop build and fit costs, if you are not fully satisfied with the way your new store is running.
How can find out more about owning my own CeX business? To apply for a CeX franchise register to gain access to a comprehensive information pack at:
webuy.com/franchise
BUSINESSFRANCHISE.COM 25
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76
