Cash Generator: A Deep Dive into the UK's Buy and Sell Retailer

Cash Generator is a well-known United Kingdom-based retailer specializing in buying and selling a variety of goods. With its headquarters located in Edinburgh, the company has established a significant presence across the UK, offering a unique blend of retail, buying, and financial services. Let's take a closer look at the history, operations, and corporate affairs of this interesting business.

A Brief History of Cash Generator

Founded on Valentine's Day in 1994 by British businessman Brian Lewis, Cash Generator emerged from the recognition of a successful business model in the United States. The first store opened in Bolton, Greater Manchester, and after establishing 15 corporate stores in the North of England, the company launched its franchise network in 1997.

• 1994: Founded by Brian Lewis in Bolton.
• 1997: Launched the franchise network.
• 2008: Management buyout staged by three directors.
• 2010: Launched the 'Express' store concept.
• 2012: Acquired by Axcess Financial Services Group.
• 2017: Sold to investors Rcapital.

Originally named "Paragon," the company quickly rebranded to Cash Generator to better reflect its core function: generating cash for its customers.

Operations: How Cash Generator Works

As of 2024, Cash Generator operates with 100+ franchise stores across the United Kingdom. These stores primarily focus on retail and buying operations, offering customers opportunities to buy, sell, and even "buy back" goods.

Retail Operations

The core business revolves around buying and selling secondhand goods, including:

• Electrical products: Televisions, laptops, tablets
• Entertainment products: Game consoles, games, mobile phones
• Valuables: Gold and jewelry

In addition to pre-owned items, Cash Generator stores also offer new and refurbished household goods.

The Buying Counter

The buying counter is a key part of the Cash Generator experience. It allows customers to sell their unwanted household items and gold for cash. A unique "buy-back" service gives customers the option to repurchase their goods within 28 days, or extend the agreement for another term.

To prevent fraud, Cash Generator requires customers to be over 18 years old and provide two forms of identification, including photo ID and proof of address.

Financial Services

In addition to its core retail and buying operations, Cash Generator offers select financial services. These include:

• Cheque cashing
• Money transfer (via partnerships with Western Union)
• Foreign currency exchange (in some stores)

Notably, the company ceased offering short-term loans in 2015 due to increased regulation in the payday loan market. For more information on financial regulations, you can visit the Financial Conduct Authority website.

Corporate Affairs and Franchise Model

Cash Generator has experienced substantial growth since its inception. The company's success is largely attributed to its franchise model, implemented in 1997.

• Franchise Investment: The initial investment for a Cash Generator franchise is estimated between £120,000 and £200,000, with a personal investment requirement of £35,000 to £60,000.

The company actively seeks new franchisees within the UK, targeting specific geographic areas for expansion.

Logos and Slogans: Reflecting the Business Evolution

Cash Generator's slogans have evolved over time to reflect its changing business focus:

• Original: "The Buy & Sell Store"
• Later: "The Buy, Sell & Loan Store" (reflecting the addition of financial services)
• Current: "Now here's a great deal!" (emphasizing in-store and online deals)

Charity Connection

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Buying and Selling: Is Cash Generator Right for You?

Cash Generator provides a valuable service by offering a convenient way to buy, sell, and "recycle" goods within the community. Whether you're looking for a bargain on a secondhand electronic device or want quick cash for unwanted items, Cash Generator can be a viable option. Be sure to compare prices and understand the terms of any "buy-back" agreements before making a transaction. Similar retail models, like those employed by Cash Converters, also offer comparable services.