Cash Converters opens new Melbourne store


Cash Converters (ASX: CCV) has acquired its Melbourne City franchise store, the second franchise outlet acquired by the Company in recent months.

Cash Converters Chief Executive Officer, Sam Budiselik, stated :

“This is a continuation of our strategy to expand and enhance our Australian operations. Having not purchased a franchise store for several years, the successful acquisition of two stores in as many months is indicative of our ability to identify and act upon opportunities rapidly.

“We thank the previous licence holder for their many years of dedication to the Cash Converters network across both Australia and New Zealand.”

Cash Converters is in discussion with other Australian franchisees and expects to complete further franchise acquisitions throughout the current financial year and beyond.