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Cash Generator’s Impressive Year Shows No Signs of Slowing

National discount retailer, Cash Generator is continuing to grow at an exceptional pace despite the difficult economic conditions.  

The Bolton-based company has already opened 24 stores during the first six months of trading in 2011.  The unprecedented expansion has seen the number of franchise stores increase by 21% in the last year.  

Having opened its 150th store in the summer, the company expects to hit 200 by early 2012.  As well as increasing the number of franchise-operated stores, the company has invested heavily in expanding its corporate stores.  Cash Generator has opened six stores in London, marking a milestone for the retailer as it’s the first time the company has had a presence in the nation’s capital.  

2011 has also seen the roll out of the popular express store concept.  The express store has been trialled over the past 18 months with stores in Stretford and Stechford. Offering convenience for consumers, Cash Generator express stores are located on busy arterial routes, combining high visibility for motorists and easy access for local residents.  Seven express stores have opened in 2011 proving popular with consumers, with the total store network reporting 20,000 items a week being purchased on the buying counter.  

With the impressive growth, Cash Generator has also heavily invested in the infrastructure at its Bolton head office.  20 new roles have been created at head office with roles across compliance, I.T, marketing and training. Cash Generator is committed to building the right structure to provide support for the business and its growing network of franchisees.  

Cash Generator’s renowned training programme offers franchisees a structured and professional programme from CIPD approved trainers.  Whatever their skill set, franchisees are guided through a mixture of academic and vocational training.  Support is also offered from the very beginning of the franchise process, with guidance from the property team to help find the right location and the financial department offering franchisees the best advice to put together a solid business plan.

Julian Urry, managing director of Cash Generator, said: “This has been a fantastic year for Cash Generator so far.  Our business is continuing to grow allowing us to expand at impressive rates.  Savvy consumers are turning to us as the first place to get a fair deal on retail and financial services.  We are hopeful that the final quarter of 2011 will continue in the same vein with a busy Christmas expected.”  

One of the UK’s top 10 discount retailers, Cash Generator specialises in the buying and selling of nearly new products and is viewed by many as the eBay of the high street.  Franchisees benefit from Cash Generator’s multiple income streams, alongside its retail services, the company also offers additional competitive financial services including cheque cashing, Western Union worldwide money transfers and foreign currency exchange.

Cash Generator

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