From Wikipedia, the free encyclopedia. Archived from the original on 30 August Brian Lewis decided upon the name after changing other elements in response to customer feedback: The retailer opened its first store in Bolton in February Retrieved 13 June Sincethe business has grown mainly through franchising. For instance, the original name was 'Paragon', but we changed it because it didn't say what we did.
For whatever you're planning on watching this summer...
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As of June , Cash Generator is a purely franchisee focused business with a defined business model with over stores and 58 franchisees,  which includes stores ranging from Cornwall to Northern Scotland. Within the first year of opening, the company changed its name to Cash Generator. Brian Lewis decided upon the name after changing other elements in response to customer feedback: For instance, the original name was 'Paragon', but we changed it because it didn't say what we did.
We are a 'cash generator'. The acquisition meant that the founder Lewis was bought out, remaining as a shareholding non executive director. In Axcess sold Cash Generator to investors Rcapital. In February , the company launched its new 'Express' store concept, opening stores on select trunk roads and arterial routes, with high visibility and easy access for local residents. In , it was stated that the average store receives 5, visits a week.
Some Cash Generator stores have three counters; retail, buying and financial; but it is mostly focused on Retail and Buying. The core businesses activity is the buying and selling of second-hand goods, mainly electrical and entertainment products such as televisions, DVDs, games consoles, mobile phones, games, laptops, tablets, gold and jewellery. In addition to second-hand items, the stores also sell new and refurbished domestic goods.
In each Cash Generator, the buying counter offers customers cash for their unwanted household goods and gold. The retailer also offers a Buy Back service, offering customers the opportunity to sell an item for instant cash but with the option to buy back the goods within 28 days, or renew for another 28 days. Previously, Cash Generator offered a pawnbroking service, turning gold or jewellery into cash with an unlimited six-month loan against the value of goods; but has moved away from that industry, reflected in how Cash Generator is now just a Buy and Sell store.
Cash Generator only buys from over 18s, and two forms of ID are required, including photo identification and proof of address to avoid fraud. Cash Generator offers a range of financial services, including cheque cashing, money transfer, foreign currency exchange in some stores. In , the company ceased issuing short-term loans as the market for Payday Loans became more heavily regulated; with a greater focus on buying, selling and Buy Back.
Services vary in each store so check out availability via the website. Since its establishment in , the company has shown year on year growth in all its income streams in every year it has been trading.
In December , the company was acquired by United States-based financial services group Axcess Financial , for an undisclosed sum. In , Axcess sold Cash Generator to investors Rcapital. Since , the business has grown mainly through franchising. The company are again in the market for new franchisees within the United Kingdom, with new franchises being established in targeted geographical areas throughout the UK.
But since the move away from financial services, the slogan was updated to 'Now here's a great deal! The charity's logo appeared in the company's television advertising. From Wikipedia, the free encyclopedia. Archived from the original on 29 January Cash Generator - Franchise Recruitment Website.
Retrieved 13 June If you do not repay your loan to CapitalCash, your credit score may be negatively affected. CapitalCash does not offer automatic renewals on its payday loans.
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