Franchise figures add up for ex-symbol retailers

Sunder Sandher

As One Stop continues its expansion into Scotland, the latest like-for-like figures for the group’s franchisees have revealed that all of its ex-symbol stores are 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 (pictured). The retailer, who switched to One Stop in 2014, has seen his like for like sales grow by +39%, whilst footfall and basket spend have grown by +29% and +8% respectively.

“It’s a bit of a cliché I know, but joining One Stop really was the best business decision I’ve ever made,” said Sunder. “I feel like part of a successful team as a franchisee and it’s also great fun!”

Andrew King, One Stop’s Franchise Director, says the figures are concrete proof that One Stop is delivering on its promise to work with independent retailers and help them to drive their businesses forward.

“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,” added King. “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.”