Nisa comes to the rescue of independent retailers with rollout of new franchise option
With the expansion of large convenience stores and their express shops, local businesses are increasingly struggling to stay afloat. However, Nisa has come up with a plan to save the day. The Scunthorpe-based firm, which supports over 4,000 independent retailers across the UK, has announced a new franchise trial which is set to be rolled out to a number of stores by the end of 2014. The franchise option will help broaden Nisa’s offer to independent retailers, offering them the chance to trade under their own fascia, under one of its symbol brands or under the new franchise arrangement.
A trial of the franchise option will be offered to those that are already working under the Nisa symbol. Nisa hopes that the arrangement will encourage retailers to adopt a highly systemised, disciplined approach, which would see them earn an extra 3% profit through increased sales and greater efficiency.
“Our view is that franchising will have an important impact on the convenience market in the next few years and the potentially more lucrative franchise business model will prove attractive to quality independent retailers,” said Amanda Jones, chief operating officer of Nisa. “Therefore Nisa has made the strategic decision to trial this under our business model. If the trial is successful, the franchise model will provide more choice for entry to market ensuring that Nisa continues to be the retail group of choice for independent retailers.”
With the launch of this new franchising trial and sales climbing by 10.5% to £1.58bn, it seems that good things are in store for the future of Nisa and its potential new franchisees.