How much does it cost to open a Cex franchise?
A CeX franchise requires an investment 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 bigger one depending on the site you have at your disposal and your budget.
When did Cex open its first store?
They decided to start CeX, the home of used but high-quality gadgets and electronics and after proven success, their first store outside of London opened in Birmingham in 1997. Their first franchise opened in 2004.
What is Cex?
CeX allows its users to sell, buy or exchange anything second-hand from video games, mobile phones, and consoles, to headphones, DVDs and SD cards. CeX was founded by Robert Dunani, Hugh Man, Oliver Ball, Oli Smith and Paul Farrington who saw an opportunity in the market for used electronics.
Where is the 22nd Cex franchise in the UK?
Fast forward 10 years to today and even with all of the disruption caused by Covid-19 Gabriel opened his 22nd CeX franchise store in the town of Newton Abbot last week.
How does the CeX franchise model work?
How much does a CeX franchise cost?
What new locations or territories are available to open up a new CeX franchise?
Why choose a CeX franchise over other electronic retail opportunities?
How can I apply to find out more about owning my own CeX business?
How to apply for a CeX franchise?
How many CeX stores are there in the UK?
See 2 more
Who is the owner of CeX?
CeX (company)TypePrivateFoundersRobert Dudani Paul Farrington Hugh Man Charlie Brooker Oli Smith Oliver BallHeadquartersWatford, Hertfordshire, United KingdomKey peopleDavid Mullins (Chairman) David Butler (Managing Director)ProductsElectronics, Music, Mobile Phones, DVDs and Games4 more rows
Can retail stores be franchise?
Retail franchises are often a popular option for entrepreneurs to invest in because of the variety and success of retail established businesses. These types of businesses offer a specialized product to consumers and include clothing stores, restaurants and more.
Which shop franchise is best?
Top 20 Franchise Business in India1) Patanjali.2) Domino's.3) Archies.4) PMKVY Franchise.4) Dr. Batra's Clinic.5) KFC.6) First Cry.7) Lenskart.More items...•
How many countries is CeX in?
Franchise Overview Now CeX reaches around the globe with operations in 11 countries across four continents.
What is the example of franchise?
Examples of well-known franchise business models include McDonald's (NYSE: MCD), Subway, United Parcel Service (NYSE: UPS), and H&R Block (NYSE: HRB). In the United States, there are franchise business opportunities available across a wide variety of industries.
How do you franchise a store?
How to buy a franchise, step by stepBe sure about your reasoning. ... Research which franchises you may want to own. ... Begin the application process. ... Set up your “discovery day” meeting. ... Apply for financing. ... Review and return your franchise paperwork very carefully. ... Buy or rent a location. ... Get training and support.
What is the number 1 franchise in the world?
McDonald'sMcDonald's The company enjoys over $90 billion in global sales and represents the largest franchise network in the world.
What is the most profitable franchise to own in 2022?
Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•
What are the 4 types of franchising?
The four types of franchise business you can invest inJob or operator franchise. These owner operator franchises are usually home based, which keeps overheads down to a minimum. ... Management franchise. ... Retail and fast food franchises. ... Investment franchise.
How is CeX profitable?
The best ideas are often the simplest and the most profitable: CeX takes the buy-and-sell concept and updates it by trading in digital entertainment products. CeX retail stores buy, sell and exchange mobile phones, games, computers and digital electronics directly to and from the public.
How is CeX pronounced?
CeX on Twitter: "@ShaneTheTank It is pronounced as "Sex"" / Twitter.
What is the aim of CeX?
Our aim is to make it possible for people to afford even the most exotic kit by trading in their old, unwanted computing stuff, games and gadgets. We have always aimed to be the place you can pick up second hand oldies-but-still-goodies at knock down prices too.
What do you mean by retail franchise?
Franchising is a system by which goods and services are distributed through outlets owned by the retailer or dealer. In this system, through a patent or a trademark license, the owner markets products and services under a brand name as per the predetermined terms and conditions.
Is Target a franchise?
It's also good for the individual owners, since they don't have to worry about marketing and such — and usually earn a lot more money than they would on their own. McDonalds, Cinnabon Bakery, and Midas (car repair) all rely heavily on franchising. Target, Kohls, Facebook, and Bain & Company do not.
What types of franchises are out there?
In this article, we will tell you about the commonly categorized types of franchises:Job franchise: ... Business Format franchise: ... Product- Distribution Franchise: ... Investment Franchise: ... Conversion Franchise: ... Management Franchise: ... Manufacturer Franchise: ... Master Franchise:
What franchise store means?
Key Takeaways. A franchise is a business whereby the owner licenses its operations—along with its products, branding, and knowledge—in exchange for a franchise fee. The franchisor is the business that grants licenses to franchisees.
CeX Franchise Cost, Fee & Profit Information - UK Franchise
CeX (Complete Entertainment eXchange) was established in 1992 in London. Since 1992 they have expanded their network in Spain, USA, Ireland, India, UK, Netherlands, Mexico, Australia, Portugal, Poland and Canarias.
Profiteering by selling to CEX — MoneySavingExpert Forum
You can, but often it's like, for example, you pay out £50 and get £55 from CEX so it's not worth it. However, you would be losing money selling on ebay for the same price or even a bit more, assuming it sells at all, plus you have the hassle of writing a listing, photos and posting.
CEX (FRANCHISING) LIMITED overview - Find and update company ...
Accounts. Next accounts made up to 31 December 2022 due by 30 September 2023 Last accounts made up to 31 December 2021
CeX Buy & Sell Games, Phones, DVDs, Blu-ray, Electronics, Computing ...
CeX Buy & Sell Games, Phones, DVDs, Blu-ray, Electronics, Computing ...
CeX Franchising
CeX provide a comprehensive 12-week (minimum) intensive store-based training programme made up of: practical onsite experience that covers all aspects of retail and sales principles; technical and bespoke point-of-sale systems and operational procedures; supervisor and store management competencies; and general franchise and business ownership principles.
Best UK Franchises in 2022
Franchises for sale Search over 800+ UK Franchises; Best UK Franchises October 2022 Compare new, popular and low-cost UK franchise opportunities; Business advice
About CeX
CeX was founded in London in 1992. They now have stores in the UK, Spain and the USA. CeX buy, sell and exchange a range of technology and entertainment products including mobile phones, video games, DVDs, HD films, computers, digital electronics, vision and music CDs.
Available Franchise Opportunities
While CeX is not currently accepting new applicants on Franchising.com, these other similar opportunities are actively looking for new franchisees.
What does cex stand for?
The "Cex" name has moved away from "Computer eXchange" into an acronym for "Complete Entertainment eXchange", and company letterheads state "CeX LTD is trading as CeX Entertainment Exchange". The pronunciation of the chain's acronym name was confirmed as "sex" in British TV commercials aired in March 2017.
How many shops does Dudani have?
The company now has more than 600 shops worldwide including over 380 shops in the United Kingdom, 65 in Spain, 37 in Ireland, 23 in Australia, 18 in India, 13 in the Netherlands, 9 in Poland, 19 in Portugal, 35 in Mexico and 4 in Italy . Dudani appeared on the British Channel 4 TV show Secret Millionaire.
What channel did Dudani appear on?
Dudani appeared on the British Channel 4 TV show Secret Millionaire. This was after the business was affected by the 2011 England riots.
What is a cex?
( / sɛks /) ( Complete Entertainment Exchange) is a second hand goods chain based in the United Kingdom specialising in technology, computing, video games, DVDs and technology repair. It also sells new items. It was established in 1992 in London, and has since grown to have more than 380 shops in the UK which is a mix of franchise and centrally owned stores. and over 225 abroad.
Where was Cex first opened?
CeX was started by Paul Farrington, Robert Dudani, Hugh Man, Charlie Brooker, Oli Smith and Oliver Ball. The first shop opened on London's Whitfield Street, close to Tottenham Court Road in 1992.
Does Cex accept bitcoin?
Cex no longer accept bitcoin as payment. In November 2017, CeX launched a technology repair service called CeXClinic in the UK. The service covers the repair of video game consoles, smartphones, tablets and laptops. Cex offer a 2 year warranty on device repairs and a no fix, no fee promise to customers.
Is CeX a privately owned company?
CeX Trading. CeX is a privately owned company. In 2005, CeX began issuing licences for franchising. As a second hand retailer, CeX trades with customers offering either cash or a voucher for redemption in any CeX shop. CeX offer a 24-month warranty subject to terms on all of the second hand products the company sells.
Where is Gabriel's CeX store?
Fast forward 10 years to today and even with all of the disruption caused by Covid-19 Gabriel opened his 22nd CeX franchise store in the town of Newton Abbot last week.
How to be a leader in a business?
Be on the tills, be on the shop floor. A leader who talks to their customers and assists their staff will encourage great performance from the people they employ. It's also essential to be invested in what it is you're doing and know what you want to achieve. Originally Kira didn't know everything there was to know about technology, but she knew what people liked to look at and how to make displays really shine. She set out to make our store stand out from all of the others and I think, together, we have really achieved this!
What has drastically improved our livelihood?
The number one aspect that has drastically improved our livelihood is the flexibility that comes with being your own boss. If I have lots of tasks that I need to complete, I can do so from home. If I need to pop into the shop and fancy helping out, there’s no downside to doing that. Kira absolutely loves working in the store and tries to do so as often as she can. She loves being able to be on the same level as the staff so that she understands what they go through each day and reflects on this when organising rotas and shifts.
Is CeX a UK franchise?
CeX has just been featured in the Franchise Direct Top 100 Franchises in UK 2019 Report!
Is CeX a franchising company?
Absolutely, CeX has been with us every step of the way and we always feel as though there is someone to turn to, either a phone call or email away! It’s this aspect of franchising that has made us feel so secure and so welcome with the company.
How to fit in with CeX?
To fit in with CeX, the ability to get behind, follow and develop a proven model is essential and is the most effective way to succeed in a franchise. With any new venture, hard work and commitment is a must but I think anyone who is keen for a challenge, willing to learn and wants to be part of fun and exciting brand would fit in well.
Is CeX a top 100 company?
The CeX Franchise opportunity has been recognised again by the HSBC Elite Franchise top 100 with CeX ranking this year as the 18th best franchise system in the UK. This marks three years in a row CeX has been in the top 25 franchises, with CeX achieving a ranking every year since the awards began.
Area development agreements and master franchises
CeX operates franchise stores in the UK, Ireland and Spain. In 2014 we launched an extremely successful master franchise partnership in Mexico. This illustrates our commitment and strength to adapting to markets globally. We are looking for experienced retail operators to partner with us and share our success globally.
Why invest?
We open a new store every 3.5 days on average. We are experts and buying and selling second-hand technology; it’s in our DNA. We have spent the last 25 years buying, selling and exchanging mobile phones, games, computers and digital electronics directly from the public.
Where is CeX looking to franchise?
With 25 years of experience operating in 11 countries across four continents, CeX believes that the model will work everywhere with the right partners and so all locations are currently being considered.
The Opportunity
Following an extensive training and approval process, CeX will open a small number of stores within the country alongside the approved master. This serves to deliver further our training and direct support. A support network is just part of the partnership and helps to cement the ongoing relationship between the Master and CeX.
At a glance
Name of Franchise: CeX Established: 1992 Number of franchised outlets: 262 (10 Nov 20160 with a total of 519 as we have Corporate stores too) Location of units: Currently in 11 countries across four continents Investment range: Varies on territory Minimum required capital: Varies on territory URL: webuy.com Contact: [email protected]
How does the CeX franchise model work?
CeX started franchising in 2004 after their business model based on second-hand technology, gadgets, and digital entertainment products quickly proved successful and profitable.
How much does a CeX franchise cost?
A CeX franchise requires an investment 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 bigger one depending on the site you have at your disposal and your budget.
What new locations or territories are available to open up a new CeX franchise?
Finding a suitable new location for you CeX store and securing high street locations can be challenging, however, the CeX support team will be there to assist you in your search and advise you on the best option for you. The quicker you get in touch with CeX to get started, the quicker you can sort and secure your new location.
Why choose a CeX franchise over other electronic retail 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 market and with more and more electronic gadgets being released year after year, an increasing number of people are looking for cheaper alternative options, like second-hand goods. The digital and entertainment industry in the UK is estimated to reach £21 billion by 2020.
How can I apply to find out more about owning my own CeX business?
To apply for a CeX franchise, simply fill out the form on this page to find out more information and hear from a member of the CeX franchise team.
How to apply for a CeX franchise?
To apply for a CeX franchise, simply fill out the form on this page to find out more information and hear from a member of the CeX franchise team.
How many CeX stores are there in the UK?
Since the first store just off Tottenham Court Road in London, CeX has expanded to Spain, Ireland, India and Australia, and now have over 600 stores worldwide, 383 of which are in the UK. In the UK, 265 of these stores are franchises.
