Does Argos Franchise?
Argos is one of the UK’s largest high street brands and began life as a catalogue retailer in 1972. It evolved from the now defunct Green Shield Stamps scheme, which rewarded UK shoppers with stamps that could be used to buy items from catalogues or from participating retailers. The scheme began in 1958 and initially proved highly successful, but after supermarket giant Tesco pulled out of the partnership, it began to struggle.
In an attempt to keep the business alive, Green Shield founder Richard Tompkins allowed customers to purchase things from its catalogues using a mixture of stamps and cash. It quickly morphed into a cash-only business and the Argos we know and love today was born.
Now, it has more than 845 stores across the UK and Ireland, including concessionary areas in many Sainsbury’s stores, following a takeover by the supermarket chain in 2016. Although the iconic catalogues that started everything off still exist, most of the retailer’s trade is now conducted online and directly through its store’s online catalogues. It’s estimated that Argos attracts around one billion online visitors every year and 29 million customers to its bricks and mortar stores.
Argos had a brief period where it did franchise in the past to help its international expansion plans. Through its Indian retail partner Hypercity, the company opened five locations around Mumbai, India in early 2007. However, less than two years later, Argos was forced to pull out of the country due to poor sales. Since then, Argos has not tried franchising stores in other countries, indicating this isn’t something in the company’s plan.
Currently, all of Argos’ stores are owned by parent brand Sainsbury’s, which purchased the company in 2016. All of the profits and losses go back into the company and it appoints salaried store managers to look after each location like most traditional retail stores. Argos currently has no franchisees and it doesn’t seem as though the company has any plans to begin franchising in the future.
However, if you’re looking to become part of an exciting retail franchise that will allow you to become your own boss, we’ve got plenty of opportunities for you. We’ve highlighted some of the most exciting retail franchises currently seeking new franchise partners in the UK.
- Retail Stores: Run Your Own High Street Franchise
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- Start a Retail Franchise With Our Top 3 Convenience Stores
- Retail Shops: Develop Your Own with a Franchise
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- Understanding Retail Premises
BoConcept offers exceptionally designed yet affordable Danish furniture to customers all across the world that can be customised and coordinated to suit your home. The furniture franchise was set up in 1952 by founders and craftsmen Aerthoj Jensen and Tage Molholm to provide visually appealing, fantastic quality, functional furniture for a reasonable price.
Over the years, BoConcept has expanded greatly and it now has more than 250 stores spanning 60 countries, with each location taking on one of the franchise’s three store concepts: Brand Stores, Inspiration Stores and Studios.
BoConcept is seeking franchisees who have the relevant experience and knowledge for running their own business, as well as a personal love of interior design and style. However, it does state that it’s willing to be flexible about previous experience for individuals who demonstrate that they have the passion, creativity and motivation to make their franchise a success. Each new franchisee will have to graduate from the BoConcept University before they begin trading, which will teach them everything they need to know about the business.
Gautier offers stylish furniture and constant innovation to make sure its products are always cutting edge, functional and aesthetically appealing. The franchise was founded in 1960 by Patrice and Annick Gautier after they decided to spread stylish French interior design culture across the world. Its game-changing products have included the first ever furniture range for children, which has now become a globally recognised furniture category.
The franchise has more than 100 attractive high street stores in 65 countries around the world and is expanding quickly, with an average of ten new stores popping up every year. It is seeking entrepreneurial individuals who come equipped with a passion for selling and interior design and decoration.
Each new franchisee will receive a full training package to ensure they’re ready for business. When it’s time to begin trading, Gautier’s experienced marketing department will ensure you get off to the best possible start by helping you plan a memorable opening. Once you’re up and running, Gautier’s sales team will regularly check in to see how you’re doing and offer assistance in any areas of the business that you may be struggling with.
Mr Arkwright’s Tool Emporium
Mr Arkwright’s Tool Emporium was set up in 2012 by Clive Owen, with a goal to become the go-to destination for household and garden products suited to those tackling a bit of DIY right up to expert builders. The tool franchise now offers its customers more than 50,000 tools and products to choose from, including baking accessories, electrical goods, bathroom and plumbing equipment and even furniture.
Its nostalgic feel and expert products make Mr Arkwright’s Tool Emporium a great place to shop, while its impressive annual returns make it a brilliant franchise to become part of. The average franchisee can expect to achieve a gross profit margin of 60 percent and, once established, generate a yearly turnover of more than £200,000.
During the week-long initial training, new franchisees will be shown how to operate within Mr Arkwright’s regulations and be equipped with all the knowledge they’ll need to build their business into a success. There is also plenty of assistance with the initial advertising process, with print ads, flyers and coverage on the franchise’s website to boost each new franchisee’s profile.
Sophie Cole, Point Franchise ©
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