What is Cashify?
Cashify is India’s leading online platform for selling old gadgets, particularly smartphones. The brand also offers repair services, sells certified refurbished devices, and promotes environmentally responsible recycling. With a growing footprint across major cities and strong partnerships with tech giants like Apple, Xiaomi, Samsung, and OnePlus, Cashify has become a trusted name in the recommerce industry.
To meet increasing consumer demand and expand its offline reach, Cashify introduced a retail franchise model. These store franchises give local entrepreneurs the chance to operate under the Cashify brand and capitalize on the growing need for affordable tech solutions.
Why Open a Cashify Store Franchise?
Before we delve into the cashify store franchise cost , here’s why this business model is so attractive:
- Strong Brand Equity: Cashify enjoys nationwide recognition and trust.
- Sustainable Business: With a focus on reducing e-waste, the brand aligns with environmentally conscious consumer trends.
- Diverse Income Opportunities: Franchise owners can earn from gadget buybacks, smartphone repairs, accessories, and refurbished phone sales.
- Support and Training: Cashify offers complete training, technical support, and marketing assistance, making it easier for new franchisees to succeed.
Cashify Store Franchise Cost: A Detailed Breakdown
Setting up a Cashify retail outlet is a relatively affordable venture, especially when compared to other tech or electronics franchises. The total cost typically ranges between ₹10 lakhs to ₹15 lakhs. Here’s a breakdown of where that investment goes:
- Franchise Fee
Cashify charges a one-time franchise fee as part of the total investment. This fee grants franchisees access to the brand’s name, operational guidelines, and customer base. It also covers initial support and onboarding services.
- Store Setup
Store setup includes costs for:
- Interior design and branding
- Furniture and fixtures
- Signage and lighting
- Security systems
- Storefront display units
Franchisees are expected to maintain brand consistency across all elements, ensuring a premium retail experience.
- Retail Space Requirement
The recommended store size is between 200 to 400 sq. ft., ideally located in high-footfall areas such as shopping streets, malls, or near educational institutions. The rental cost is not included in the franchise fee and will vary depending on your location.
- Equipment and Inventory
Franchisees need to invest in basic tech infrastructure, including:
- Computers and POS systems
- Diagnostic tools for repair services
- Initial inventory of refurbished phones and accessories
- Operational Costs
Monthly operating expenses include:
- Staff salaries
- Utility bills
- Inventory restocking
- Local advertising
While these are ongoing costs, the high demand for Cashify’s services often ensures stable and growing revenue streams.
How Profitable is a Cashify Franchise?
Most Cashify store franchisees break even within 12 to 18 months, thanks to the brand’s strong online presence and customer loyalty. The model is built for scalability, with opportunities to expand through multiple outlets or value-added services.
How to Apply
Interested entrepreneurs can apply by visiting the official Cashify website at www.cashify.in. Simply navigate to the franchise section, fill out the application form, and wait for a representative to guide you through the approval process, documentation, and store launch.
Conclusion
Understanding the Cashify store franchise cost is the first step toward launching a profitable and sustainable business in India’s growing recommerce industry. With a relatively low investment, access to a strong support network, and multiple revenue streams, a Cashify franchise offers an excellent opportunity for aspiring business owners to thrive in the tech retail space.
