A Case Where Independence Actually Made More Money
Barie and Tracey Compton, franchise owners of Uniforms4All in Britain, have found themselves lucky enough to make more money after their franchisor went bankrupt. When news of their vanished franchisor came, they decide to continue as an independent shop.
A frenzy of innovation came to stay afloat.
For example, we used to over-order stock, based on the franchise model," said Tracey . The business firmly believes in offering the ultimate convenience in providing a retail outlet on the High Street along with an online facility . Another part of the business which is proving popular is an on-site embroidery service for businesses, sports teams, clubs etc. Other services are in the pipeline, including a fitted school shoes service from the end of March. - Peterborough Today
Their innovations resulted in keeping revenues the same, and a lack of paying royalties meant profits went up.
