No. 5 of the UK's Top 100
One Stop is a retail convenience business aimed at neighbourhood customers. A subsidiary of Tesco, One Stop Stores are open 7 days a week, offer a range of food, beverages, non-food groceries and general merchandise. The surface of each One Stop store is between 1,000 and 3,000 sq ft. The new One Stop franchisee needs to have a retail space already or at least have one identified.
One Stop supports its franchisees with comprehensive training in store operations and business management, as well as ongoing guidance in areas like marketing and merchandising. No previous retail experience is required, making this franchise opportunity accessible for many entrepreneurs.
Once the EPoS is installed in the store, the franchisee will receive up to 5 days’ training as well as the One Stop operations manual. Each franchisee will have a dedicated Business Development Manager to support them as well as a 7-day-a-week Helpline. A marketing plan will be put in place together with the franchisee. The franchisor will invest up to £50,000 to refit an existing store.
Here are some additional details about the franchise:
- Initial investment required: £50,000.
- Franchise fee: £10,000.
- Royalty fee: 5% of gross sales.
- Average turnover for a One Stop Stores franchise: £1 million.