Punch Taverns to trial new franchise agreement

By John Harrington

- Last updated on GMT

Related tags: Franchising, Supermarket

Second attempt: Punch is looking again at franchising
Second attempt: Punch is looking again at franchising
Punch Taverns is to trial a second franchise-style agreement, after admitting its first didn’t produce better results than a traditional tenancy.

It’s the latest development to show that pubcos’ interest in franchises is not waning.

Last year Punch trialled an agreement whereby the licensee takes a proportion of the revenue, mirroring Marston’s Retail Agreement.

Punch chief Roger Whiteside said: “We’ve concluded that they didn’t show us we were able to produce better results from that than by a traditional tenancy. We’ve brought the trial to an end.”

Punch is to undertake a second trial of a franchise-style agreement later this year at a “handful” of sites. It will involve offering more assistance for tenants, rather than a defined retail concept. “If it’s successful we will offer it as a traditional tenancy,” said Whiteside.

Earlier this month Charles Wells revealed it is trialling a franchise-style agreement that could be rolled out to half a dozen sites this year. Greene King has embraced franchises through the rollout of its Meet & Eat concept, while Enterprise Inns is also looking to trial a franchise-style scheme in addition to its Project Beacon ‘managed tenancy’.

Related topics: Punch Pubs & Co

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