- Company: Cash Converters
- Established: 1994
- Investment Required: Min R1.3 Million
- Set-up Costs: R2.6 Million to R3.2 Million
- Management fees: 4% – 5%
- Marketing Fees: 3% – 4%
- FASA Member? Yes, Fully
- Contact person: Ilse Murray
- Email: firstname.lastname@example.org
- Visit: franchise.cashconverters.co.za
- Call: +27 (0)87 820 7411
About The Brand
Since Brian Cumins founded Cash Converters in Perth, Western Australia in 1984, the Cash Converters chain has grown exponentially into a multi-million dollar international business with more than 750 stores in 22 countries, and growing.
Cash Converters has pioneered the transformation of the buying and selling of pre-owned goods, and offers an exceptional franchise opportunity which provides franchisees with an internationally proven, recession-resilient business model for achieving real wealth.
A Cash Converters store offers multiple revenue streams providing income from the retail floor and our unique financial services, making this a sustainable franchise that offers the cash you need to live the life you want.
Whatever happens in the world, people will always need access to cash, whether they’re selling their belongings, loaning money or just looking to save on a great bargain.
The Cash Converters business model is based on the principle that we provide consumers in the communities we serve with access to cash through a number of different products and services that suit their personal and financial circumstances.
A Cash Converters store is divided into two distinct areas: retailing and financial services.
This gives franchisees the security of three revenue streams:
- Retail floor: specialising in the selling of quality second-hand household goods
- Cash Advance: secured lending against the customer’s valuables (pawnbroking)
- PayDay Advance and 1 | 2 | 3 : unsecured loans against a customer’s salary
A store development manager spends a month with the franchisee prior to opening their store and assists with setting up the business, recruiting and training staff, as well as stocking the store.
Ideal Franchisee Profile
The following are some of the selection criteria that Cash Converters consider when deciding on awarding a franchise:
The Cash Converters model requires an owner-operator franchisee, with significant financial investment combined with a hardworking, hands-on approach to running a customer-orientated business.
The following are some of the selection criteria that we consider when deciding on awarding a franchise.
- Previous business experience
- Trader mentality, “smous’’
- People’s person
- High degree of energy
- Sense of humour.
Related: Finding The Perfect Franchise Fit
Franchisee Training and Development
Cash Converters head office support structure consists of an 109-man strong team including 15 national operations and training consultants.
Cash Converters Training Academy has developed a comprehensive training programme for franchisees and their store staff. Each new Franchisee is required to attend an intensive two month training programme prior to opening their store.
In addition, franchisees have a dedicated local area marketing specialist team which develops individual marketing strategies, plans and elements for their store in their unique community.
The internationally aligned rebrand and new store design of Cash Converters Southern Africa ensures that this household brand is top-of-mind when consumers choose to sell their goods or loan cash.
R1,3m or 50% unencumbered, the balance can be financed.
ACDC Express Franchise Opportunity
ACDC franchise is the retail extension of the already well-established ACDC Dynamics importer and manufacturer of electrical products.
|Initial Franchise Fee:||R172 500.00 (Incl. VAT)|
|Set-up Costs:||Large Store: R4 740 000.00 (Incl R 2 000 000.00 initial stock)
Mini Store: R 3 180 000.00 (Incl R1 200 000.00 initial stock)
|Management Fees:||Gross monthly incomes (Rands excl. VAT)
5% of Gross Sales per annum
About the Franchise
ACDC Express is an electrical retail franchise, specialising in everything electrical. Established in 2007, our core focus is to provide customers with quality electrical solutions.
We offer a full turn-key solution and a unique concept store that provides customers with a convenient and versatile shopping experience, allowing customers to browse at leisure in what is effectively an electrical ‘supermarket’. In addition, ACDC Express actively participates in adding value to the customers by not only meeting customer expectations through superior customer service, but continuously offering excellent after sale service. Our independently owned stores are primarily supplied by ACDC Dynamics, which boasts a product range of over 55 000 individual items. These products are crucial in daily operations within the home, office and factory. This automatically creates a great and continuous demand for these products.
The growth and success of the ACDC Express Franchise Group is attributed to 2 basic principles, which form the cornerstone of the business: Customer Relationship Management and maximising business efficiency.
Vision & Mission
To be the preferred electrical retailer.
To be the best solutions driven electrical retailer. Focused on customer service and convenience to ensure electrical needs are satisfied
Distribution Reach – Nationwide
At ACDC Express we strive for service excellence. We look to ensure our services are of the highest quality and that they are always centered around our ACDC Express customers. We facilitate regular training sessions to equip our staff with superior product knowledge and unrivalled customer support and service etiquette.At Head Office the brand managers and training facilitators work intensely on all aspects of the brand to ensure that our sales staff are equipped with up to date information and an ability to provide excellent after sales service. To extend our accessibility we offer direct communication lines to all our ACDC Express customers who visit one of our national stores via Facebook or our website (www.acdcexpress.com). Our latest offerings and promotions are also included in our newsletters. It is possible to subscribe to our exclusive subscription list through registration on our website.
Available Franchise Locations:
- Messina/Louis Trichardt
- Port Shepstone
- Cape Town
- Montage Garden
- Parkland Stellenbosch
- Piet Retief
- East London
- Port Alfred
Sunburst Electric – The Electrical Contracting Franchise
Sunburst Electric is the go-to provider for all electrical installations in South Africa. Sunburst Electric can open the door into franchising and empower you to own your own business.
About Sunburst Electric
Sunburst Electric is an electrical contracting franchise which will service the residential and commercial markets, by offering repairs, upgrades and installations, while delivering high customer satisfaction by getting the job done right the first time. Our courteous technicians respect the home and family of their customers by providing attention to detail that ensures quality and safe work. No matter what the electrical contracting service customers need, Sunburst Electric has the power to make things better! At Sunburst Electric, we commit ourselves to providing modern operations, processes and business systems that can easily be replicated. We empower hard working entrepreneurs to achieve their financial and personal goals.
Let’s start at the beginning
The rights to sell Mr. Electric in South Africa were purchased in 2015. Mr Electric originates from the USA and is known as a global franchise organisation which provides electrical installation and repair services. Mr. Electric is a subsidiary of The Dwyer Group, Inc., the holding company of a family of service franchises which consists of Mr. Rooter Plumbing, AireServ, Five Star Painting, Mr. Handyman & Mr. Appliance, among others.
Unfortunately, the Mr. Electric name is registered to another entity in South Africa, therefore the franchise used the alternative name Sunburst Electric. The franchise system has been in operation since 1994 and with a huge gap in the South African market for excellent customer service in the electrical industry, it made absolute sense to launch this well known, global electrical contracting franchise on South African soil.
Related: 3 Secrets To Franchising Success
Why choose Sunburst Electric?
With over 30 years experience, franchisees can be confident that Sunburst Electric is a globally proven franchise system. Local as well as international support is readily available to all franchisees, from operational and marketing support, to day-to-day business support. We focus on providing expert electrical service that fully satisfies our customers needs.
Complete turnkey solution
Joining Sunburst Electric as a franchisee means that you will get a complete turnkey solution. The set-up cost is inclusive of equipment, hardware and software, marketing material, training as well as a fully branded vehicle. The great part is that, as a franchisee you could leave Head Office, after your extremely valuable and informative training and start working immediately without waiting another second to start making profits.
Top Locations For A Sunburst Electric Franchise
With over 270 possible Sunburst Electric franchise locations nationwide, the perfect fit for you is out there.
Our pre-selected locations are known as “Zones”. Purchasing a zone will allow a franchisee to trade and market in that area. We have based the designated zones on the research that was conducted by a research consulting firm. A franchisee can purchase a maximum of 2 zones at a time, purchasing multiple zones will enable the franchisee to receive a discounted price on the other zones.
Top Zones per Province:
- Cape Town
- Hout Bay
- Jeffery’s Bay
- Port Elizabeth
- East London
- King Williams Town
- Durban South
- Richards Bay
- Rustenburg North East
- Rustenburg South West
If you want to learn more reasons to invest in an electrical franchise, or if you would like to take the next step in joining Sunburst Electric, don’t hesitate to contact us today!
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