WHILE recession has caused many businesses to struggle, the economic pitfalls seem to have strengthened prospects for leading loan, buy and sell store Cash Generator.
Launched in Bolton, Lancashire in 1994, Cash Generator now has 110 stores across the UK and an annual turnover in excess of £170 million.
The franchise is set to strengthen its position further in 2010 with plans to open more than 20 new stores.
Cash Generator is an ethical franchise opportunity that offers multiple income streams, from the discount consumer retailing of new, graded and pre-owned items to the provision of financial services that include worldwide money transfers, currency exchange, pay day loans and pawn broking.
Cash Generator franchisees receive all the specialist support, advice and training they need. With the success of their first store, one in four franchisees have gone on to invest in additional outlets, with many earning significant rewards.
However, operating a Cash Generator franchise is not a ‘get rich quick’ scheme. In addition to a financial commitment, franchisees must invest a great deal of time and effort. An increasing number of entrepreneurs look to develop their own portfolio of stores within the network by employing staff to manage the stores on their behalf on a day to day basis.
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