Tesco-owned convenience store chain One Stop has revealed plans to launch a new franchise model with local independent retailers.

It said the move would allow indies to continue to run their own business while benefiting from One Stop’s backing, including its low-cost operating and distribution model.

“Independents offer years of local relationships and commitment to their customers,” said One Stop’s CEO Tony Reed (above). “We want to preserve this and in turn offer our expertise in distribution and store proposition.”

Reed said One Stop planned to reveal more in the coming weeks about how its franchising plans would operate and would be holding talks with traders.

“We and our customers want to see neighbourhood convenience shops thrive,” he added. “Our franchising concept is about helping good independent family businesses make an even greater success of their stores.”