One Stop franchise owners had a bumper year according to figures released by the company.
Independents wearing the One Stop brand reported an average 7% increase in sales and a 5% increase in margins, giving an average yearly revenue of £750,000 per store.
The figures, relating to the 2016/2017 financial year show the Tesco owned subsidiary to be out-pacing the independent convenience market, which analysts Kantar WorldPanel reported to be growing at 3.5% year on year.
One Stop franchise director Andrew King said the positive results stem from the support the system has to offer. “Our four-weekly focused BDM business visits and the enhanced reports we produce, one of our many USPs, help us to plan, build and deliver long-term sustainable growth,” he said.
A case study put forward by the retailer showcased a 100% increase in sales from new franchisees, Blair and Angela Southwood, who converted their store to a One Stop franchise to help compete with nearby multiples.
Commenting on their decision to adopt the One Stop brand, Angela Southwood stated, “We’re absolutely delighted with our decision to join One Stop and the incredible feedback we’ve had from our customers shows that they are too!”