Cash Generator is a well-known name on the UK high street, offering a unique blend of retail and financial services. This article explores the history, operations, and corporate structure of this interesting company.
Cash Generator, officially Cash Gen UK Limited, is a Buy and Sell retail chain headquartered in Edinburgh, UK. The company operates through a franchise model, with over 120 stores across the United Kingdom as of 2018.
Founded on Valentine's Day in 1994 by Brian Lewis, the first Cash Generator store opened in Bolton, Greater Manchester. Lewis, inspired by similar businesses in the United States, aimed to create a "cash generator" for customers looking to buy, sell, or even buy back goods.
Cash Generator stores primarily focus on buying and selling second-hand goods, including:
In addition to pre-owned items, many stores also stock new and refurbished household goods.
Franchising has been a key driver of Cash Generator's growth since 1997. Becoming a franchisee requires a significant investment. As of 2018, the investment required to start a Cash Generator franchise typically ranges between £120,000 and £200,000, with a portion needing to come from personal funds.
Cash Generator has experienced several changes in ownership throughout its history.
The company's slogans have evolved to reflect its changing focus:
Cash Generator holds memberships and accreditations from respected organizations, including:
Cash Generator has established itself as a unique retail player in the UK market. By offering a combination of buying, selling, and buy-back services, along with financial products, it caters to a wide range of customers. The company's franchise model has fueled its expansion, and despite changes in ownership, it remains a recognizable brand on the British high street.
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