Cashify Store Franchise Cost – A Complete Guide to Starting Your Own Tech Resale Business
In India’s rapidly growing digital economy, smartphones and electronic gadgets have become an essential part of daily life. As the need for gadget repairs, buybacks, and refurbished devices continues to rise, Cashify has positioned itself as a leader in the recommerce market. With an established customer base and a reliable service model, opening a Cashify franchise is now one of the most promising business opportunities in the tech retail space. This article provides an in-depth overview of the cashify store franchise cost, covering every aspect from investment to returns.
What is a Cashify Store Franchise?
Cashify is an end-to-end platform that enables users to sell, repair, and buy smartphones and electronic gadgets in a hassle-free and transparent manner. The company has more than 200 franchise stores across India and continues to expand in both metropolitan and tier-2 cities.
As a franchise partner, you get to operate a physical Cashify store that offers services like smartphone buybacks, instant cash payouts, device repairs, refurbished phone sales, and e-waste recycling. The brand’s robust logistics and tech-driven backend ensure that franchise owners can operate smoothly and profitably.
What is the Cashify Store Franchise Cost?
The Cashify store franchise cost generally ranges between ₹10 lakhs and ₹15 lakhs depending on location, store size, and initial inventory. Here is a breakdown of the investment components:
1. Franchise Fee – ₹2 to ₹3 Lakhs
This is a one-time cost to acquire the license to operate under the Cashify brand. It also includes access to business operations software, technical support, and training programs.
2. Store Setup and Interior – ₹3 to ₹5 Lakhs
Cashify ensures a uniform brand identity across its outlets. This investment covers branding, signage, lighting, store layout, fixtures, furniture, and customer engagement areas.
3. Repair Tools and Technology – ₹2 Lakhs
The store is equipped with certified tools for repairs, diagnostic software, testing devices, and a POS system to manage billing and transactions efficiently.
4. Initial Inventory – ₹2 to ₹3 Lakhs
You’ll start your franchise with a ready inventory of refurbished phones, accessories, spare parts, and warranty kits. This allows you to generate revenue from day one.
5. Miscellaneous Costs – ₹1 to ₹2 Lakhs
These include staff salaries, utility connections, business registration, marketing for store launch, and working capital buffer for the first few months.
Store Space and Location
An ideal Cashify store should be 200–300 sq. ft. and located in a high-footfall area such as shopping complexes, main markets, or near residential zones. Location plays a critical role in customer engagement, especially for walk-in services like quick phone repairs or trade-ins.
The company provides guidance during the site selection process to ensure your store gets optimal exposure and traffic.
What Support Does Cashify Offer?
One of the standout features of Cashify’s franchise program is the extensive support offered to franchisees:
- Store setup assistance and branding
- Employee training on tools and repair services
- Inventory procurement through Cashify’s supply chain
- POS and billing system training
- Marketing support (digital and offline)
- Customer service backend support
This holistic support allows even first-time business owners to run their franchise confidently.
Return on Investment
Cashify stores typically achieve break-even within 12–18 months. The revenue streams include device trade-ins, refurbished device sales, mobile accessories, and gadget repairs. Profit margins are solid, particularly in the repairs and accessories segment. With the growing demand for affordable devices, refurbished products are becoming more popular, ensuring long-term business potential.
Conclusion
Starting a Cashify store franchise is an ideal business venture for entrepreneurs looking to capitalize on India’s growing demand for gadget resale and repair services. The Cashify store franchise cost is competitive and provides access to a well-established business model backed by a strong brand reputation. With low entry barriers, robust support, and multiple income streams, investing in a Cashify franchise is both financially and operationally rewarding.