SYDNEY: Cash Converters International Limited (ASX: CCV) has acquired 14 franchise stores across New South Wales, Queensland, and Victoria, continuing its aggressive expansion of corporate-owned outlets in Australia.
The acquisitions include:
- Three stores in NSW and QLD acquired in May 2025 for $1.49 million.
- Five stores in QLD and VIC purchased in June 2025 for $4.1 million.
- A binding agreement to acquire six stores in NSW in August 2025 for approximately $10.3 million.
All transactions were funded from available cash and completed at a blended earnings multiple of 4.3x EBITDA. The newly acquired stores are expected to be immediately earnings accretive.
“These acquisitions complement our existing corporate store network in Queensland and New South Wales, creating a strategic corridor across Australia’s most populated regions,” said Sam Budiselik, CEO and Managing Director of Cash Converters.
“We remain focused on acquiring profitable franchise stores and expanding our customer reach while growing our consumer loan portfolio.”
Since 2021, Cash Converters has acquired 96 franchise stores across Australia, the UK, and New Zealand. The company now operates 92 corporate and 61 franchise-owned stores in Australia, with an additional 58 corporate and 135 franchise stores in the UK.
Cash Converters is a global consumer lender and second-hand goods retailer, with operations in Australia, New Zealand, and the UK. The company is actively transitioning its loan book toward longer-term, lower-cost lending solutions and expanding its retail footprint in repurposed luxury goods.
The announcement follows the recent acquisition of 10 UK franchise stores funded by Lloyds Bank.