The first steps on a retail journey can be nerve-wracking but also exciting moments – there is always a risk of failure, but at the same time a new retail idea could become a huge success!
Here are 3 examples of huge companies that started with a single shop.
Founded in 1869, Sainsbury's opened their first rented store in Holborn, London, selling mainly fresh foods. As additional stores opened, Sainsbury's increased their range to include groceries, and by 1922 they were the largest chain of grocers in the UK. The company currently has 1415 stores with a revenue of £26.2 billion!
Sports Direct began life in 1982 as a single store in Maidenhead, originally called Mike Ashley Sports. During the 1990's the company expanded and acquired other brands and clothing manufacturers to become the number 1 sports retailer in the UK. Their profits for the last financial year were £113 million.
THE BODY SHOP
Anita Roddick founded the first Body Shop in Brighton on 26th March 1976. Anita sold products with natural ingredients that were ethically sourced and were never tested on animals. By 1985, The Body Shop had floated as a public company. They were sold in 2006 to L'Oreal for £652 million
Impressed? At Pall Mall Estates, we have a number of affordable retail opportunities in locations across the UK. Could one of them be suitable for your first retail venture?
Set in a busy location just minutes from Birmingham centre, we have a shop available that enjoys a good position on a popular shopping parade, and is easily accessible from the national motorway network.
Features of Balsall Heath:
- Well established commercial area
- 870 square feet premises
- Flexible lease terms
Another excellent facility, situated in a retail location within a mile of Coventry city centre. It would be suitable for a start-up business or for companies looking to expand their operations. Benefits of Walsgrave Road:
- Rear loading facilities
- Retail unit with office space
- On-site car parking