In times of urgent financial need, pawning one’s jewelry and accessories seems to be a likely viable recourse. With Cebuana Lhullier’s reputation in the pawnshop industry, its brand name stands out from people’s list of options of where to safely pawn their properties.
If you are an entrepreneur interested to venture into the pawnshop business, continue reading below to find out if you can franchise Cebuana Lhuillier.
About Cebuana Lhuillier
Cebuana Lhuillier is a company under the PJ Lhuillier Group of Companies (PJLGC) that was formally established in 1988. Besides its services in pawning, money orders, and remittances, Cebuana Lhuillier also offers financial services through their micro-insurance and micro-loan solutions companies.
Among the Lhuillier Group of Companies’ primary services are:
1. Cebuana Lhuillier Pawnshop
Promising high appraisal rates, Cebuana Lhuillier Pawnshop accepts an array of items, from jewelry to gadgets, as collateral.
2. Cebuana Lhuillier’s Pera Padala
Cebuana Lhuillier’s Pera Padala is a money transfer service that enables Filipinos to claim remittance money from domestic and international senders.
3. Cebuana Lhuillier Bank
Cebuana Lhuillier Bank is a rural bank that provides banking services and microfinancing to micro, small, and medium enterprises in the Philippines.
4. Cebuana Lhuillier Institutional Services
This is a money disbursement service for companies with corporate disbursement needs such as employee salary, monetary bonuses and incentives, money distribution, etc. in partnership with Cebuana Lhuillier’s 2,500 branches nationwide.
In addition to the offered services above, the Lhuillier Group of Companies also offers a host of other services such as foreign exchange, bills payment, e-load, and corporate payouts in selected branches nationwide.
Franchise Fee and Application
The success and reputation of the company has encouraged some Filipino entrepreneurs to inquire how to operate their own Cebuana Lhuillier pawnshop and remittance outlet.
Unfortunately, our team contacted the company and they replied to us that, at the moment, they are not open to franchising even though several people have previously contacted them and are interested in having one.
Cebuana Lhuillier has an active website and Facebook page where people can check updates about the company. Entrepreneurs having prospects can also keep track in these sites for future information on franchising.
Their email address information provides a fast service, as proven by our direct communication with them, but they have informed us that at present the company does not offer franchising.
Cellphone Number: 0917-8122737 (Globe) / 0918-8122737 (Smart) / 0917-8122737 (Viber)
Telephone Numbers: (02) 779-9800 (PLDT) / (02) 759-9800 (Globelines)
Still, in case we acquire more information about Cebuana Lhuillier’s franchise opportunity in the future, we will update this article accordingly. So don’t forget to like and follow PMT’s Facebook page!
Interested in other franchising opportunities? Check out PinoyMoneyTalk’s List of Philippine companies available for Franchising
Information and Image Sources: Cebuana Lhuillier official website (www.cebuanalhuillier.com)