About CeX
CeX, which stands for “Complete Entertainment eXchange,” has been around since 1992 and is a major secondary market for used media. Video gaming consoles, cell phones, and even SD cards, headphones, and DVDs may all be bought, sold, and traded on CeX.
CeX is a specialist in the entertainment and technology industries, and its proprietary software and computer systems streamline the purchasing and selling process. Webuy.com, which is owned by CeX, provides live pricing and stock levels for its retailers and generates additional money for the firm.
Originally located just off Tottenham Court Road in London, CeX has since spread to other countries and now operates more than 600 outlets globally, including 383 in the United Kingdom alone. Of these, 265 are franchisees in the United Kingdom.
The CeX franchise model: how does it function?
CeX began franchising in 2004 after finding rapid success with their initial concept of selling pre-owned consumer electronics, computing devices, and media.
Franchisees of CeX are responsible for running their own locations of the company. You will be responsible for many things as a store manager, including running the shop, hiring, supervising, and encouraging employees, fostering strong connections with consumers, and expanding the company.
CeX franchisees are encouraged to grow their businesses and, if they so want, open other stores.
If you have any questions or concerns about opening a new CeX franchise or growing your existing one, you can contact the helpful staff at the CeX Help Centre at any time.
How to Raise Money for a CeX Franchise
You’ll have an easier time securing financing for your CeX franchise thanks to CeX’s membership in the British Franchise Association and its accreditation by most major banks. CeX provides a fantastic chance to launch a franchise in a market with minimal existing competition thanks to its competitive business strategy and high potential revenues.
Is it necessary to have worked in retail before opening a CeX franchise?
Having worked in retail management is a plus, but not required. CeX’s first franchisee training programme is a minimum of 12 weeks long and covers all you need to know to manage your business.
The training is conducted in-store and covers topics including store management and supervision, retail and sales basics, and some more broad business and franchise skills. Franchisees will train in both corporate and commercial CeX locations to build expertise in retail, customer service, and management.
As you progress through the process, a Regional Franchise manager will be there to help you out at every turn.
Franchisees who have gone before you urge a keen interest in technology and customer service, in addition to solid business sense.
Would You Like to Know More?
Receive more information about this franchise opportunity direct from the franchisor by clicking the link below:
Add to Request List There is no cost or obligation associated with this service.Key Facts:
- Available across the UK
- Franchise
- £140,000
- Yes
- Yes
- Yes
- 283
- 1992
- Yes
- 8% with a rebate
- Member - Established
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