Cash Crusaders first opened its doors in January 1996 in Plumstead, Cape Town. Today it boasts 220 stores located all over the Southern African region from Cape Town to Botswana, Lesotho and Namibia. Cash Crusaders is a respected national franchised brand that fast became part of the South African mainstream retail landscape. It is a founding member of the National Association of Franchised Second Hand Dealers (NAFSHD), which regulates the conduct of outlets.
Cash Crusaders retails a range of directly imported new goods that includes electronic goods, sporting equipment, musical instruments, D.I.Y tools, photographic equipment and household appliances. Cash Crusaders is an authorised stockist of Doogee smartphones, as well as an accredited service centre. Our range of quality second-hand items enables a vibrant exchange and valuable flow of guaranteed used goods from consumer to consumer in an efficient, regulated and reliable environment. In addition, Cash Crusaders offers consumers access to secured loans. We are a registered credit provider and are 100% compliant with the National Credit Act (NCA) of 2007.
The ideal Cash Crusaders franchisee is an energetic, self-motivated and enthusiastic individual with the desire to succeed in their own business. Due to the comprehensive training provided, prior retail experience is not a prerequisite for Cash Crusaders franchisees. While franchisees are, in essence, independent business owners, they benefit from centralised marketing and branding. This ranges from above- and below-the-line advertising, logos, corporate colours and uniforms
Comprehensive training is held in a dedicated training store for franchisees for 10 weeks. The training covers negotiating skills and the buying process, as well as an intense focus on human resources, store administration and industrial relations. Picking up all these valuable skills will culminate in managing a store for a week before training is complete. There are numerous refresher courses available, as well as advanced product knowledge courses and management development programmes to assist staff members and franchisees. This is monitored by the National Training Manager and the training team, in conjunction with the operation and field staff.
Upfront fee R30 000 excl. VAT; Approximate establishment cost R2.3 million, based on 250m2 average store size; Recommended working capital R300 000; Management services fee 11.1% on gross profit; Advertising/marketing fee contribution 8.9% on gross profit; Total fees 20%; Total investment R2.2m – R2.5m; Franchisee`s minimum own cash (before loan) R900 000