Community CashBack Franchise OpportunityInterested in owning and operating a Community CashBack Franchise in your local area?Please read through all the following information to find out about our franchise opportunity, what is involved and whom it is suited to. We believe it to be one of the most compelling on the market. After reading all the information, if you are interested in finding out more, start by filling in our initial enquiry form and we will shortly get back to you. You can also contact us directly with any questions.
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Introduction/OverviewCommunity CashBack is owned and operated by Technocash Pty Ltd, an Australian Licensed Financial Services Provider, License, No. 247299.Technocash has developed a range of consumer and business financial accounts, known as BillFold™ accounts, which are accessed either by plastic cash cards at participating retailers & businesses, or via the internet using appropriate individual account identification and PIN numbers. The Company has also developed and patented its own CashBack rewards terminal – the IMSE™ (Interactive Multi-Media Sales Event) – which reads the CashBack cards, processes CashBack transactions and performs a variety of other functions. The Community CashBack Card is designed to promote local commerce. Local residents helping local businesses and vise versa. The Community CashBack program offers card members savings on purchases from local businesses. Apart from receiving real cash back into their account when shopping at participating stores, CashBack Card holders can also easily transfer money overseas, load money at Australia Post or via internet banking into their account, view detailed transaction history at any time online, and get access to exclusive CashBack privileges such as the "Free Calls" Mobile Offer. CashBack Loyalty
A cardholder buys goods at a CashBack store or business, paying for the goods by any method the business allows – cash, credit, EFTPOS or using the balance stored on the CashBack card. The cardholder receives part of the sale price back to their card in real cash. Processing CashBackCashBack can be processed by the retailer/businesses using a numbers of methods: The CashBack is real cash, and is generally available to the customer in their account with a few days. Real cash - real fast. Customers do not have to redeem points or have points expire or lapse. Customers love cash rewards. Helping the Local CommunityOwning and using a Community CashBack Card will benefit your whole community. Every time you shop locally at participating Community CashBack stores you will be helping to strengthen your local shopping district. Benefits of the Community CashBack Loyalty FranchiseThe benefits of the Community Cashback Franchise are significant:
Types of Businesses That Can Do CashBackThe obvious businesses for CashBack are retailers and restaurants. However, Community CashBack rewards can be offered by a whole range of other businesses such as:
Technocash CashBack Franchise AreasEach Franchise Area is generally delineated by an Australia postcode or postcodes. Franchise Areas are independently delineated by a mapping expert.Current parameters for each Franchise Area are:
Franchise Areas are supplied with a number of IMSE loyalty terminals for use in that area, additional IMSE terminals can be deployed at an additional fee to the franchisee. The franchisee has exclusive rights in their own area, subject to the Franchise Agreement. Cost of the FranchisePlease contact us to obtain the full pricing details. Start-up costs are very competitive. We do not charge for the licence to operate CashBack in your area, but there are initial costs of the minimal materials including the CashBack terminals, CashBack cards, marketing material, training and so on.As a guide, you will need around $50,000-$70,000 to get started. The most important requirement is that you are suited to this type of business. Please fill in our enquiry form as a starting point. There is no value for us to commence a franchise with someone who is not willing or able to put in the required effort to succeed. Although the personal time requirements are significantly less than most franchises, it does require self-motivation and a willingness to approach businesses in your area. We provide initial training and assistance to get you started. Potential ReturnsThere are significant potential returns from a successful franchise.Main sources of returns to a Franchisee are:
1. Share of Technocash processing fee for CashBack transactionsThe Franchisee gets a share of the Technocash processing fee for each CashBack transaction in the Franchise Area.It should be noted that franchise fees are payable by Technocash as the Franchisor to the Franchisee. These fees are from the CashBack transaction fee collected by Technocash from the retailers/businesses. Technocash processes the CashBack to customers, fees to Associations and payment of Franchise fee to the Franchisee. Franchise fees are payable monthly in arrears. Please contact us for more details. Note: there is no cost to the businesses that you sign up - so there it does not require 'selling' them a product. It is simply a matter of asking them to offer CashBack in their business, which will bring them more customers, more loyalty and hence more income, all while helping the local community. 2. Sale of CashBack cardsAs a franchisee you can purchase Community CashBack cards at wholesale prices for on-selling to organisations and customers. Please contact us to discuss how much income you could earn by conducting your own Community CashBack Franchise business. FAQWhat qualifications do I need?Enthusiasm, working well with people and keenness. Honesty and fairness are also key elements. Of course, as a licensed financial institution, Technocash will require appropriate due diligence and make any necessary enquiries.Is Training Provided?Technocash will provide the necessary training at our offices in Parramatta.What set-up time is involved?Initially a reasonable amount in talking to schools, businesses, associations and organizations to sell customer cards and signing up local retailers and businesses.Once the initial CashBack retailers and businesses are signed up and customer cards sold, less time will be required as emphasis shifts to good will visits to existing retailers and associations as well as talking to new retailers and organizations. How do I receive income?The beauty of CashBack is that the revenues are earned every time there is a CashBack transaction in your Franchise Area.Unlike other franchises, you earn revenues when MANY BUSINESSES do CashBack transactions. How much is up to you, it is your business and there and countless ways to promote and grow it. What about major retailers?Technocash will be responsible for signing up larger retailers (i.e. those with more than 5 stores or national operations), yet each Franchisee will receive their appropriate percentage share for every CashBack transaction in their Franchise Area – even if the transaction is through the cash register system of a large chain such as Retravision (if they are signed up).Technocash already has connections with a number of larger chains. To get started, please fill in our enquiry form. Alternatively Contact Us with any questions. |
Products issued by Technocash Pty Ltd ABN 20 080 109 217 AFS Licence No. 247299. Any advice is prepared without taking into account
your objectives, financial situation or needs. Before acting on any advice you should consider whether it is appropriate
for your circumstances. You should consider the Product Disclosure Statement available on this website or call +61 2 96871900
for a copy when deciding whether to acquire or hold these products.
The IMSE