Nigerian online car seller, Casr45 has just announced franchising arrangements to scale its expansion plans across Nigeria.
Cars45 operates an end-to-end model where it buys used cars from owners, fixes and then lists them on its website for selling cars called CarsBazr.
In notice placed on its website, Cars45 said it is looking for people who want a high return on investment. In return, the startup said it will provide training, marketing franchise development, operations development and information technology services for its franchisees.
Franchisees are required to pay a minimum of N20 million with various requirements for space and other filings.
In 2017, Cars45 launched its car purchase in ’45 minutes’ services across Lagos, Nigeria’s commercial capital. As predicted by most analysts, the startup went ahead to pivot in 2018 by offering all the cars in its kitty for sales via its CarsBazr website. It also carryout periodic offline auction events across major parts of Lagos.
Cars45’s decision to pivot into a full-fledged online car sales has since pitted it against Cheki, the biggest market player before its arrival. For many reasons, Cheki did not adopt a franchise model but instead, it opted for close partnerships with existing sellers and major car dealers.