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Back in the s, when entertainment products were entering a new era of technology, a group of friends — who were tired of paying hefty prices for entertainment goods and gadgets — decided to start their own business that would offer second-hand oldies-but-still-goodies at knockdown prices.
That was the start of entertainment company, Complete entertainment eXchange CeX. One of those ambitious individuals who dreamt up CeX was Hugh Man, who still works closely with the company as Franchise Director. Since establishing the first CeX store on Tottenham Court Road, London, in , Hugh and his fellow founders have watched their business grow into an international success. When CeX launched its franchise opportunity, its aim was to open stores within five years — a target that was successfully achieved, and exceeded.
This strategy in the UK has allowed CeX to accelerate their overall expansion from 25 stores in to in All CeX locations are carefully evaluated so that franchisees can obtain maximum turnover and a good level of profitability. Franchisees, therefore, have an opportunity to draw a good salary, as well as build up excellent equity in their portfolio. To ensure new CeX franchisees get their business off to the best start, they receive dedicated support from a CeX Franchise Manager; they help with every aspect of the business set-up, from assisting with funding and finding suitable premises to the official store launch.
Over the years, the buy, sell or exchange concept of the CeX business model has attracted franchisees through FDS franchise media , from a variety of backgrounds, all of who share the CeX passion of providing quality entertainment goods at affordable prices.
The CeX business tends to attract passionate, hardworking men and women from diverse backgrounds. With the CeX business model continuing to thrive in both good and bad economic times, and proving to be increasingly popular with the conscientious shopper, the future looks bright for CeX franchisees. Hugh Man, Franchise Director, comments: It has been a steep learning curve but a fascinating and exciting journey.
CeX corporate stores have expanded to the USA and India, and franchising in these territories is the next step. We also intend to look for new Master Franchisees in new territories. This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies.
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