To acquire a Cashify franchise, the following steps can be pursued:
- Please visit the Cashify website and indicate your desire to pursue a franchise opportunity.
- Please complete the online application form and proceed with its submission.
- A Cashify representative will get in touch with you to discuss the next steps after your application is approved.
- To become a Cashify franchisee, you must fulfill specific requirements:
- A retail space that is appropriate. or a perfect space for retailing the product’s.
- Valid business license.
- Having sufficient funds. or Having enough money.
- You will receive an invitation to sign a franchise agreement with Cashify if you meet all the requirements.
- After you sign the franchise agreement, Cashify will provide training on operating a Cashify franchise.
- After finishing the training, you can launch your Cashify franchise and begin selling devices.
The initial investment for a Cashify franchise is estimated to be between INR 10 Lakh to INR 5 crore (According to your budget open your medium/ large store). This includes costs associated with store setup, inventory, marketing, and franchise fees.
Sometimes people invest only 2-9 Lakhs and thier business get started with cashify. (as like small stores of cashify)
These are a few advantages of choosing to franchise with Cashify:
- Products with a high profit margin: Cashify franchisees sell pre-owned devices with a profit margin of up to 30%.
- Example: Apple Iphone 12 Price on cashify is ₹41,299 | 30% of ₹41,299 = 12389.7(12390) |
- So your profit is Almost ₹12000+
- Recognition of a Brand: Cashify is an established name in the market for refurbished devices, offering a potential edge for your business in the local marketplace.
- Rapidly expanding industry:
- Increasing demand for refurbished devices due to growing consumer awareness of environmental impact and preference for sustainable alternatives.
- Cashify franchisees have a great opportunity to tap into the fast-growing refurbished device market.
- The market for refurbished devices is expanding rapidly, providing a favorable environment for Cashify franchisees to benefit.
Taking a franchise of Cashify also comes with certain risks:
- Expensive start-up cost: The Cashify franchise requires a significant initial investment.
- Competition: It can be challenging to differentiate oneself in the refurbished device market due to the growing competition.
Here are some extra tips for franchising Cashify:
Deliver outstanding service to customers: Make sure to offer your customers the same level of service that Cashify is renowned for.
Select an appropriate Location for your franchise: Your franchise needs to be situated in a busy location or High traffic Area with excellent visibility.
Invest in advertising and publicity: Invest in marketing and promotion to entice customers towards your franchise.
Handle your stock with care: Careful inventory management is crucial to prevent stockouts and overstocking.
Furthermore, Cashify franchisees can benefit from the company’s extensive network and partnerships. Cashify has tie-ups with leading smartphone brands, retailers, and e-commerce platforms, which can provide franchisees with a steady supply of devices to refurbish and sell. This network also opens up opportunities for franchisees to collaborate with other businesses and expand their customer base.
Moreover, Cashify franchisees can leverage the company’s digital platform and technology-driven approach to streamline their operations and enhance customer experience. Cashify’s online platform allows customers to easily sell their old devices and purchase refurbished ones, making it convenient for both buyers and sellers. Franchisees can leverage this platform to reach a wider audience and drive sales.
In conclusion, Cashify franchisees have a great opportunity to thrive in the fast-growing refurbished device market. With Cashify’s strong brand reputation, extensive network, digital platform, and support system, franchisees can tap into the increasing demand for refurbished devices and cater to environmentally conscious consumers, ultimately leading to business success.
There is a huge opportunity for you. take a risk and grab it.