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Franchise figures add up for ex-symbol retailers

6 August 2015

Former symbol group retailers are seeing strong growth as One Stop franchisees, as the group’s retailing expertise continues to improve their bottom line.

The latest like for like figures for One Stop franchisees revealed that all of its ex-symbol stores were experiencing +7% sales growth for the year to date, with basket spend up by +7.7%. The percentages relate to all franchisees that have been trading with the group for over a year, so this excludes the initial impact from switching to One Stop. Indeed, earlier analysis by One Stop Franchise showed an average 18% uplift in sales between pre- and post-refit, whilst the transition period building up to a refit in itself drove major improvements to turnover.

One of the stand-out performers within the figures is Sunder Sandher of Leamington Spa. The well-known retailer, who switched from Londis to One Stop in 2014, has seen his like for like sales surge by +39%, whilst footfall and basket spend have grown by +29% and +8% respectively.

Andrew King, One Stop’s Franchise Director, commented:
“I’m delighted with these latest figures, because they’re concrete proof that we’re delivering on our promise to work with independent retailers and help them to drive their businesses forward. And word appears to be spreading that our model isn’t as restrictive as some would have you believe, so we’ve seen a big spike in interest from symbol retailers recently. We’ve got some great ex-symbol retailers already within franchise and we’re working with a number of others at various stages of our process. We really are unique in how we work – we’re a true business partner, helping to grow a retailer’s turnover and margins. So, if a retailer isn’t seeing growth at present, we’d encourage them to give us a call, to see whether we can add value.”

One Stop franchisee Sunder Sandher, concludes:
“It’s a bit of a cliché I know, but joining One Stop really was the best business decision I’ve ever made. Their retailing knowledge is second to none and the results speak for themselves. It’s not just my Business Development Manager who works with me, the whole franchise team are passionate about making our stores the best that they can possibly be. In return, we know our opinions matter, because we help to shape and evolve the franchise offer on an ongoing basis. I feel like part of a successful team as a franchisee and it’s also great fun!”

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