The Complete Entertainment eXchange, CeX, takes the buy and sell concept and updates it by trading in digital entertainment products. CeX shops buy, sell and exchange mobile phones, games, electronics, computers and DVDs directly from the public.
CeX, buys, sells and exchanges digital entertainment and tech products from customers. If you decide to become a franchisee, you will receive full training and ongoing support from its dedicated support team, while you launch, manage and build up your own CEX business.
Franchisees are provided with the guidance to recruit and manage staff within their store. CeX, an Associate member of the British Franchise Association (bfa), offers a tried-and-tested franchise model, giving you the tools to create a work-life balance that suits you.
Ranging from £150,000 to £250,000, the total investment cost of a CeX franchise depends on store size. However, you will need £40,000 in liquid capital, plus the ability to raise the balance of the total investment. CeX has an excellent relationship with all major banks that can fund up to 70 percent.
CeX was established in 1992 and, since then, has become one of the leading retail franchise businesses for digital entertainment and technology. CeX buys, sells and exchanges mobile phones, games, electronics, computers and DVDs directly from the public. CeX has very little competition and has expanded its network from the UK into the US, Spain, Ireland, India, Australia, Portugal and The Netherlands.
CeX is currently seeking new franchise partners to roll out the retail brand in territories across the UK and internationally. The franchise is particularly keen to expand the brand and open stores in any Scottish town with a population of over 50,000. Although it’s not vital, to maximise a CeX franchise it is preferable that you have some managerial or retail experience.
Franchise partners not only benefit from CeX’s extensive experience in the industry, but also from its thoroughly tried-and-tested franchise model. Offering fantastic returns, a typical new CeX store can generate a return on investment within 18 months and an average turnover in excess of £1million.
You can be assured that you have support every step of the way from its experienced and dedicated franchise team. You would also have the benefit of a wider network of franchisees that share best practice and experiences. You will receive the following as part of your investment:
We used to feel a buzz of excitement as we walked through the doors of a CeX store because we are passionate about the product lines, which include DVDs, music CDs and video games as well as computing, electronics and mobile phones. We launched our Camden-based store on the September 12 and now, as the owners of a CeX franchise, we still get that buzz of excitement.”
Ali & Abdul Ikram, Camden
My first two years were a great success, which gave me the capital to open a second CeX store in Tunbridge Wells at the end of 2007, and I now have four stores with another store planned for next year.”
Kasim Ali, Tunbridge Wells
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