The Co-op Franchise

Franchise History

It is a British cooperative that manages retail, wholesale, financial, insurance, food, pharmacy, etc. It was founded in 1844 with the name of the Rochdale Society of Equitable Pioneers.

Subsequently, in 1863, independent cooperatives created The Co-operative Wholesale Society (CWS). It expanded rapidly in several countries of Continental Europe. During its long years of history, this cooperative was merging with many other institutions to form the Co-op. It currently has more than 7,000 locations.

  • Year Business Began: 1844.
  • Headquarters: One Angel Square, Manchester, United Kingdom.
  • Estimated Number of Units: More than 7,000.
  • Number of Employees: More than 70,000.

Potential

It is one of the oldest franchising institutions in the world, being the largest consumer cooperative and the 5th largest food retailer in the United Kingdom. It has established with much effort more than 7,000 locations covering broad areas to offer its services. It is a cooperative that innovates and grows continuously. By 2019, it planned to open 100 new stores and would continue with that process in the future.

Cost Information 

The Co-op requires the person who wants to franchise the minimum investment of liquid capital of £ 250,000.

Training & Support

You will receive training on how to manage any cooperative. You will have assistance and advice services 24 hours a day, 7 days a week, that is, when you need it. They will provide you with a store with the design, space, and format of a cooperative. They will teach you how to use the tools and technology so you can keep the work in the franchise profitable and efficient.

Who can apply for the Co-op?

The cooperative requires that the person have at least one store with weekly sales of £ 20,000, excluding VAT and any selling of services such as Paypoint, Post Office, and Lotto.

Also, the prospect should have a sales area of 2,000 square feet (minimum) and a warehouse of more than 800 square feet. Those are the requirements so that the person can conduct the business of his franchise profitably.

How to Apply for BP Connect ?

If you have a convenience store and are interested in converting it into a Co-op franchise, you must fill out the form at https://www.coop.co.uk/apply-to-be-a-co-op-franchise.

If you want the Co-op to provide you with a wholesale opportunity, contact Nisa, partner of the Co-op, by filling out the form at http://www.join-nisa.co.uk/contact-us.

If you don’t have a store but still want to be a franchisee, you should write to franchise.enquiries@coop.co.uk.