Conviviality reveals new franchisee licensing scheme
Conviviality Retail is offering retailers new ways to join its growing franchise with the launch of a new franchisee licensing scheme.
Under the new ‘Switch, Sell, Strengthen’ scheme, retailers looking to improve their sales will be offered the opportunity to receive up to £50,000 funding to switch to and upgrade their store to a Bargain Booze or Select Convenience.
Conviviality said it continues to lookout for retailers looking to sell their stores, whether to retire or simply cash out, as it continues to search for key sites to expend its growing portfolio.
The licensing scheme will also offer retailers the chance to expand their business and strengthen their portfolio. Retailers will be invited to find a suitable site, either independently or via the Conviviality Retail optimal location tracker, and receive all upfront costs to set up a Bargain Booze or Select Convenience Store, including the cost of refit.
The upfront costs, along with 50% of the re-fit costs, will then be paid back by the franchisee over an agreed time period, after which the franchisee will own the goodwill of the business. Conviviality Retail will buy it back at the end of the term, or the franchisee can keep on running the store and continue to make money.
John Pattison, operations director for Conviviality Retail, said: “Franchisees are key to our success, and we are always looking for new ways to work collaboratively with them to improve their businesses. We know initial costs can be a key barrier to setting up or expanding a business, so we are confident our new license approach will help encourage more retailers to join our franchise, as we continue to expand across the country.”