One Stop franchisees saw an average like-for-like sales growth of 7% during the 2016-17 financial year, according to figures released by the symbol group.
This was in addition to year-on-year margin growth of 5%. Footfall and basket spend were also on the up, by 3.7% and 3.2% respectively. The percentages relate to all franchisees that have been trading with One Stop for more than 12 months. The franchise estate delivered over £120m of total sales to customers over the year.
One Stop also said stores that switched to them saw a 23% uplift in turnover, excluding seasonality, after refitting. It described these upturns as “generally an additional boost to a store’s turnover, having already implemented One Stop’s extensive promotions, renowned value and ways of working during the transition period building up to a refit”.
“The figures speak for themselves and support the business decision our franchisees have made in joining One Stop,” said Andrew King, One Stop’s, Franchise Director. “It’s our objective to ensure that our franchisees’ businesses continue to grow, both in turnover and profitability. 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.”