The UK retail sector has undergone huge changes. Some of the media headlines mask that this is still a huge source of revenue and new business opportunities. In 2016, there were over 192,000 retailers in the UK, generating £358 billion. One retail chain has announced a £1.5 billion expansion to open 60 shops a year, showing the confidence still inherent in this “nation of shopkeepers”.
Innovation and the British love of “retail therapy” mean it is still a dynamic growth sector. Opportunities for remote retailing are particularly buoyant. Another key trend in retailing is the emergence of low-cost business start-ups trading from vans or booths, selling wide ranging products at events, pop-up markets and shopping areas.
If you dream of opening your own “shop”, the possibilities are endless. However, a word of caution. Too many take the plunge with an independent retail venture that proves uncompetitive. The key to longevity often hinges on being a retail franchise. The British love to shop, but they look for value for money and trusted brands. Two things a retail franchise deal provides you with.
The buying power of your parent company means equipment, shopping fittings and vehicles come at preferential prices, as does your stock. A retail franchisee can also access insurance, legal compliance and marketing support, including the website that's crucial to its success, whether a shop front, retail kiosk or ecommerce business.
Walk down any high street, browse the internet or visit a street food festival and you will see successful retail franchises. They cover everything from Dorothy Perkins to 99p Stores, and from Costa to Trophy Pet Foods. You could sell Dream Doors for kitchens, or Filtafry cooking oils, open a One Stop Shop convenience store or pamper folk with a Body Shop franchise.
Finding the right retail franchise to suit you can be challenging. We “shop around” for the best deals on your behalf. So call us today.