Franchising is paying off for Thresher

It is in the process of converting 200 of its stores to the franchise model, which allows existing managers and members of the public to take over the running of the business for £20,000 plus stock value. It hopes to complete 500 conversions by the end of 2008.

http://www.talkingretail.com
March 6, 2007

Franchising is paying off for Thresher

A decision to franchise a number of stores last year is paying off for the Thresher Group.

It said early indications show signs that sales at franchised off-licenses are ahead of the main stores and a total turnover growth of 15%.

It is in the process of converting 200 of its stores to the franchise model, which allows existing managers and members of the public to take over the running of the business for £20,000 plus stock value.

It hopes to complete 500 conversions by the end of 2008.

Sales increases are being put down to franchise operators being able to tailor their offers for the local market and owners having a bigger interest in the success of the business.

Roger Whiteside, chief executive of the Thresher Group, said: "It is early days, but they are performing a few percentage points better than the managed stores."

http://www.talkingretail.com/news/independent-news/3583-franchising-is-paying-off-for-thresher.html


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