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New Norwich store set to open

11:10 19 May 2011

Used electronic and digital products store set to open in Norwich

A new store is opening in Norwich city centre on Saturday which will be the hub of a chain of similar shops employing at least 60 people in the region.

CeX is a retailer of used electronic and digital products with a unique trading programme enabling customers to be paid cash for their goods or take vouchers to exchange against other products on sale in the store.

The flagship store, in St Stephens, will act as a training centre for managers and staff wanting to learn the business or who have purchased a franchise enabling them to open their own business. The city store will be run by as a company owned franchise.

CeX has been in business for 19 years but only in the last five years has the number of outlets increased through franchising. The Norwich store is the company’s 130th in the UK.

Managing Director Hugh Mann said: “We can offer the correct price for any goods as we hold a database of over half a million products and our store staff just need to tap into a computer database. Our prices are updated by a centralised team every day.

“We plan to open five stores in Norfolk and Suffolk over the next 18 months. We already have stores in Great Yarmouth and Ipswich both of these are franchised own.

“In a time of recession when other High Street shops are closing we are expanding rapidly as our business has proven to be recession proof.

“We believe that once the Norwich branch is established it will turn over around £1million a year.

“When we started expanding we aimed for 100 new stores in five years and we have exceeded that target.”

A Norwich-based company - Franchise Development Services with office in Surrey Street - has been selected as its national and international franchise development consultants.

Managing Director Roy Seaman said: “This is one of the most exciting retail franchises that we have ever been involved with and it’s extremely rewarding to see people from all ages and background investing in this franchise and within a relatively short period of time become franchise millionaires.”

The St Stephens branch has created more than 20 new jobs. A formal opening will take place on Saturday morning at 9am with a shopper from the queue to be chosen for the formal opening and ribbon cutting.

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  • It seems like a good idea to me. Billythebookie and chebram71 might be able to find an electronic spellchecker there.

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    angry taxpayer

    Thursday, May 19, 2011

  • Yes Ziggy loads of druggies go to such places produce their ID, get recorded on CCTV and wander off with their cash.

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    Thursday, May 19, 2011

  • So you need to take your big electrical products their ! Bit silly having it in a place where you can't park then . Closed buy next year ..

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    Thursday, May 19, 2011

  • billythebookie I am sure with a multistory carpark nearby it wouldn't be to much of an issue unless you have a 42" LCD TV, and you cannot grip it with your armpit. I think most of the goods they would deal with are small ones such as consoles and mobile phones and games etc. This is good news for Norwich a bit of competition for Cash Converters and Cash generator. I have to say the advertising of 20 jobs was kept quiet, as I never saw any vancancies being advertised in the paper or the JOBS24 website.

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    banned user

    Thursday, May 19, 2011

  • Visited the new CeX store this morning. Wow what a BUZZ! It's great to have such a store in Norwich. Fantastic value for money. Let's wish them every success. A real trendy place and staff so casual and they know their stuff.

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    Saturday, May 21, 2011

  • angrytaxpayer well I am sure we all make mistakes at some stage try typing on a mobile phone when on a bus LOL

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    banned user

    Thursday, May 19, 2011

  • Excellent news...another way that burglars and drug addicts can dispose of stolen property...

    Report this comment


    Thursday, May 19, 2011

  • I checked out their website and to be fair to them they handle a wide range of electrical goods and some of the prices they are offering to pay for goods is very respectable. In an age of "must have" the next gadget - I am sure they will do very well.

    Report this comment

    kevin rymell

    Thursday, May 19, 2011

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