Cash Converters
Encyclopedia
Cash Converters International Limited is a worldwide pawnbroking franchise
company. They also offer small financial loans to people.
Cash Converters stores around the world offer pawn-broking loans available in selected markets, as well as a personal finance business that operates, in various forms in the micro-lending category around the world.
This company began in Perth
, Western Australia
, in 1984. It was founded by Brian Cumins and a group of partners. In four years, the partners were operating seven separate outlets in the Perth area.
Cash Converters began trading in the UK in 1992, New Zealand
(1993), South Africa
(1994), France
(1994), Canada
(1995), Spain
(1995) and the USA (1994).
A number of Countries, including Australia and the United Kingdom, operate online retail channels with stock being sold and/or Auctioned. Listed stock carries warranties.
The purchase price of the goods on show can be ascertained by looking at the price ticket which will have a code on it relating to BLACKSMITH = 1234567890. For example BH = £10 Some stores use differing codes such as BLACKWHITE or MONEYTALKS. This code can then be used to bargain with sales staff, an item will generally be let go at twice purchase price, regardless of marked price.
Cash Converters UK were the first to hold an Online Charity Auction for the charity Dreams Come True
.
In November 2009, EZCorp
purchased a 30% stake in Cash Converters. It now has two people on the board of the company.
Franchising
Franchising is the practice of using another firm's successful business model. The word 'franchise' is of anglo-French derivation - from franc- meaning free, and is used both as a noun and as a verb....
company. They also offer small financial loans to people.
Australia
Cash Converters International (CCV) is a franchised retail network listed on the ASX and London Stock Exchange.Cash Converters stores around the world offer pawn-broking loans available in selected markets, as well as a personal finance business that operates, in various forms in the micro-lending category around the world.
This company began in Perth
Perth, Western Australia
Perth is the capital and largest city of the Australian state of Western Australia and the fourth most populous city in Australia. The Perth metropolitan area has an estimated population of almost 1,700,000....
, Western Australia
Western Australia
Western Australia is a state of Australia, occupying the entire western third of the Australian continent. It is bounded by the Indian Ocean to the north and west, the Great Australian Bight and Indian Ocean to the south, the Northern Territory to the north-east and South Australia to the south-east...
, in 1984. It was founded by Brian Cumins and a group of partners. In four years, the partners were operating seven separate outlets in the Perth area.
International
Cash Converters International (CCV) is a franchised retail network listed on the ASX and London Stock Exchange. Cash Converters trades in 16 Countries throughout the World.Cash Converters began trading in the UK in 1992, New Zealand
New Zealand
New Zealand is an island country in the south-western Pacific Ocean comprising two main landmasses and numerous smaller islands. The country is situated some east of Australia across the Tasman Sea, and roughly south of the Pacific island nations of New Caledonia, Fiji, and Tonga...
(1993), South Africa
South Africa
The Republic of South Africa is a country in southern Africa. Located at the southern tip of Africa, it is divided into nine provinces, with of coastline on the Atlantic and Indian oceans...
(1994), France
France
The French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...
(1994), Canada
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
(1995), Spain
Spain
Spain , officially the Kingdom of Spain languages]] under the European Charter for Regional or Minority Languages. In each of these, Spain's official name is as follows:;;;;;;), is a country and member state of the European Union located in southwestern Europe on the Iberian Peninsula...
(1995) and the USA (1994).
A number of Countries, including Australia and the United Kingdom, operate online retail channels with stock being sold and/or Auctioned. Listed stock carries warranties.
The purchase price of the goods on show can be ascertained by looking at the price ticket which will have a code on it relating to BLACKSMITH = 1234567890. For example BH = £10 Some stores use differing codes such as BLACKWHITE or MONEYTALKS. This code can then be used to bargain with sales staff, an item will generally be let go at twice purchase price, regardless of marked price.
Cash Converters UK were the first to hold an Online Charity Auction for the charity Dreams Come True
Dreams Come True (non-profit)
Dreams Come True is a 501 non-profit organization in Jacksonville, Florida, begun by Tom McGehee and his wife Delia, that grants the dreams of children with life-limiting illnesses...
.
Ownership
Cash Converters is a publicly listed company trading the on both the Australian (CCV) and London (CCVU) stock exchange.In November 2009, EZCorp
EZCorp
EZCorp is the largest pawn shop operator in the world by market capitalization. It is a publicly traded company based in Austin, Texas. The company is primarily involved with retail, payday lending, signature loans, and pawn lending....
purchased a 30% stake in Cash Converters. It now has two people on the board of the company.