In a world where smartphones and gadgets evolve at lightning speed, the demand for refurbished electronics and repair services is skyrocketing. Enter cashify franchise, one of India’s fastest-growing and most trusted names in the recommerce industry. If you’re an aspiring entrepreneur looking for a tech-driven business with high growth potential, a Cashify franchise could be your golden ticket.
This article will guide you through everything you need to know about starting a Cashify franchise in 2025, including benefits, costs, requirements, and long-term profit potential.
What Is Cashify?
Cashify is India’s leading platform for selling old phones and gadgets. It enables users to trade in used smartphones, tablets, laptops, and more—either for cash or store credit. Over the years, Cashify has expanded its services to include repairs, device upgrades, mobile accessories, and the sale of certified refurbished devices.
With over 200 stores already operating across India and rapid expansion plans underway, the brand has successfully bridged the gap between tech affordability and sustainability. By entering this business, franchisees not only benefit financially but also contribute to reducing electronic waste.
Why Invest in a Cashify Franchise?
- Brand Credibility
Cashify is a household name in India’s used gadget ecosystem. Customers already trust the platform, which reduces the marketing burden for new store owners. - Booming Market
The used phone market in India is projected to grow significantly, driven by the rising cost of new devices and consumer awareness about refurbished alternatives. - Multiple Revenue Streams
From device buybacks and repairs to sales of refurbished gadgets and accessories, franchisees earn from various channels. - Low Operational Hassles
Cashify provides technical, operational, and marketing support to help franchisees get started and scale quickly.
Investment Requirements
Starting a Cashify franchise requires a moderate investment compared to traditional electronics retail businesses. Here’s a general breakdown:
- Franchise Fee: ₹5 to ₹7 lakhs (one-time payment)
- Store Setup: ₹5 to ₹8 lakhs for branding, interiors, and furniture
- Inventory Cost: ₹3 to ₹5 lakhs for phones, accessories, and parts
- Technology Setup: ₹1 to ₹2 lakhs for software, POS systems, and security
- Working Capital: ₹2 to ₹3 lakhs for staff salaries, rent, and utilities
Total Estimated Investment: ₹15 to ₹20 lakhs
Space and Location
The ideal store size is between 250 and 400 square feet, preferably in a high-footfall area such as a mall, busy street, or electronics market. Proximity to colleges, IT hubs, or residential zones can increase visibility and footfall.
Revenue and Profit Expectations
Cashify franchise stores have shown promising results in terms of revenue and profits. Depending on the location and foot traffic, monthly revenues can range from ₹2 to ₹5 lakhs. Profit margins typically range from 20% to 30%, allowing most franchisees to recover their investment within 12 to 18 months.
Training and Support
Cashify ensures that all its franchise partners are well-equipped to succeed by offering:
- Staff training programs
- Ongoing operational support
- Centralized marketing and advertising
- Access to real-time tech dashboards and CRM tools
This support system enables even first-time entrepreneurs to manage their stores effectively.
How to Apply for a Cashify Franchise
To apply, visit the official Cashify website and navigate to the franchise section. Fill out the application form with your personal and business details. Once shortlisted, the company’s franchise team will contact you to discuss further steps, site inspection, and onboarding.
Final Thoughts
The Cashify franchise is not just a business opportunity—it’s a chance to be part of a green, tech-driven revolution. With India’s used gadget market growing rapidly and Cashify’s strong brand presence, this franchise model offers an excellent return on investment and long-term growth.
