UK food-on-the-go retailer Greggs has announced that it is opening its 400th franchise store in Selby in partnership with Rontec, the company’s newest franchise partner.
The 400th franchise store opening marks a key milestone for Greggs as it continues with the expansion of its shop estate, in line with its strategic growth plans.
Malcolm Copland, Commercial Director at Greggs, said: “We’re delighted to announce our 400th franchise opening today, which demonstrates the success of our franchise model. Last year we set out an ambitious shop expansion target and our franchise partners will play an instrumental role in helping us achieve our goals. Over many years we have developed strong relationships with key franchise partners which has allowed us to accelerate our shop expansion plans, open in more on-the-go locations and become even more accessible for our customers.
“We’re pleased to add Rontec to our growing list of franchise partners and look forward to continuing our journey with all our partners in growing our estate to 3,000 shops and beyond.”
In October last year, the company unveiled plans to accelerate the rate of net shop openings to c.150 from 2022, aiming to accelerate the rate of net shop openings to c.150 per year from 2022, with an ambition to reach at least 3,000 shops across the UK as the next target for supply chain capacity planning assumptions.
Of the yearly 150 net shop opening target, about 50 of these are expected to be opened via franchise partners and franchise shops are expected to account for 20 per cent of the total estate in the coming years.
Greggs’ franchise partners provide the company with access to otherwise restricted locations such as motorway service areas, petrol filling stations, educational establishments and smaller high street convenience stores.
Greggs works with 14 franchise partners, including EG Group, Moto, MFG, Blakemore, Welcome Break, Park Garages, Compass, HKS, Falcon, Applegreen NI, Henderson, Appleby Westwards, Ascona and Rontec.