Cash Converters vs Rhea Lana Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Cash Converters vs Rhea Lana including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
Investment |
$160,000 - $300,000 | $19,050 - $38,950 |
Franchise Fee |
$50,000 | $10,000 - $13,500 |
Royalty Fee |
- | 3%-1% |
Advertising Fee |
- | - |
Year Founded |
1995 | 1997 |
Year Franchised |
- | 2008 |
Term Of Agreement |
- | - |
Term Of Agreement |
- | - |
Renewal Fee |
- | - |
Business Experience Requirements |
Experience |
- | - |
Financing Options |
|
In-House/3rd Party | In-House/3rd Party |
Franchise Fees |
-/- | -/- |
Start-up Costs |
-/- | -/- |
Equipment |
-/- | -/- |
Inventory |
-/- | -/- |
Receivables |
-/- | -/- |
Payroll |
-/- | -/- |
Training & Support |
Training |
- | On-The-Job Training: 39 hours
Classroom Training: 13 hours
Additional Training: As needed |
Support |
- | Newsletter
Meetings/Conventions
Grand Opening
Online Support
Field Operations
Site Selection
Proprietary Software
|
Marketing |
- | Ad Templates
National Media
Regional Advertising
Social media
Website development
Email marketing |
Operations |
- | - |
Expansion Plans |
US Expansion |
- | Yes |
Canada Expansion |
No | - |
International Expansion |
No | - |
Company Overviews
About Cash Converters
Cash Converters is a unique and exciting international retail concept. What began in Perth Australia in 1984 is today a dynamic international franchise group with over 500 stores worldwide. Cash Converters specializes in the buying and selling of quality second-hand goods - jewelry, TVs, stereos, tools, electrical goods, etc. Bright, well-merchandised stores with trained, uniformed staff service the customers who receive cash for their goods when they sell and a 30-day warranty on products when they buy.
People have been trading goods for hundreds and hundreds of years. The primal instinct to exchange one thing for something else probably pre-dates written history. It's an instinct that drives bargain hunters to garage sales and auction lovers to on-line sites.
The desire to strike a deal, to barter or to think you have obtained something for virtually nothing is the reason Cash Converters came into existence.
About Rhea Lana
- An established children's clothing event can provide the income of a
regular paying job, at the least. It's true. Working two-three months
per year on a successful sale in a mid-sized market can beat a full-time
job, leaving more time and flexibility for you and your family (during
the down times!)
- Children's clothing events are needed, especially in "down"
economies. Instead of a specialty niche franchise which requires women
to have spare income, moms will ALWAYS buy cute clothing for their
children. These events are biggest when the dollars are stretched the
farthest.
- No Overselling. Many franchise businesses can't be truthful about this. Everyone knows - children need cute clothes.
- Rhea Lana Riner has been holding very successful Children's Clothing
Consignment events for 17 years. Our experience and high standards mean
that our events are organized, streamlined and most of all -
profitable! We hold six flagship events per year in relatively small to
medium-sized markets - all very profitable.
- Rhea Lana is an expert, and you'll be working with her and her great
support team. With six successful events annually and seventeen years
of experience Rhea Lana is the best. Rhea Lana's franchisees will
receive an exhaustive manual detailing the secrets to a successful
event.
- Rhea Lana's® is the original and best online tagging system
available. No one has been bar-coding online longer and settling back to
consignors more quickly than Rhea Lana's®. A Rhea Lana's® Franchisee
will have the highest quality sale in her market. A Rhea Lana's® sale
attracts the high value items which moms can't wait to buy.
- A Rhea Lana's® Franchise is reasonably priced. Rhea Lana's®
Franchises are lower in cost than other similar franchises - and offer
much more. Rhea Lana's® does not carry a large overhead burden with lots
of full time employees. But, the people we DO have are incredible! Our
streamlined operations helps you invest more money in your business.
- Our technology is included in the price. Your Rhea Lana's® website
is included! While you will supply your computers and Microsoft
software, the famous consignment management, barcoding programs, and web
pages that make our system great will be yours to use absolutely free.
- This market is untapped in many cities in the U.S. And your city
doesn't have Rhea Lana's - yet. Whether your city has none, one or many
sales, the time is ripe to introduce moms to Rhea Lana's®. Excellent Rhea Lana's® Sales always grow, even with competition.
- A Rhea Lana's® Franchise includes exclusive rights to Rhea Lana’s® in your territory.
- Rhea Lana's has had an incredibly low turn over rate since
we began franchising in 2008 because we care about the success of our
franchisees. Some Rhea Lana Franchisees have decided to sell their business for
one reason or another, and typically have been able to quickly find a
buyer due to the value of a Rhea Lana's Franchise. We believe in
long-term relationships with our franchise owners. We consider our Rhea Lana Franchisees like family and part of a very special network and support
system.
- The Franchise Fee of an exclusive Rhea Lana Territory is $10,000-$13,500,
depending on the size of the territory. Royalties are 1-3%. The
percentage begins at 3%, then declines as gross sales rise and owners
learn the business. This is the opposite of some franchise models. But
at Rhea Lana's®, we want our franchise owners to keep more of their hard
earned money!
- A current Rhea Lana franchise owner in good standing may
purchase additional territories at a discounted rate.
#89 in Gator's Top franchises.