The UK company that was established at the beginning of 2019 has been successful in establishing it’s brand and concept of serial tenancy occupying redundant retail space in a number of UK cities.
The traditional approach to physical retail shopping is outdated. It is a grossly inefficient way of delivering goods to market. There are more than 50,000 empty shops on UK high streets,14 more are closing every day. There are similar situations across Europe. Covid-19 will accelerate the decline of traditional physical retail shopping.
Shops rented by the hour showcasing different brands at market effective times are a realistic solution solving the problems of empty shop units and also negating the impact unaffordable rents for young businesses.
The company is seeking overseas businesses who would like a UK high street presence without the cost implications of renting premises and employing staff.
The company platform permits flexible availability and affordable rent and permits clients to book their sales slots, branding can be uploaded to a white wall for use during the booking slot.
The company is looking to work with partners under a commercial agency agreement or under an outsourcing agreement where it can not only brand the store to meet it’s client needs but it can also employ staff which it will allocate to work in the clients allotted slot saving on the cost of recruitment and ongoing employee costs in addition to the overhead savings.
Advantages & innovations
Through it’s platform company is seeking to provide the most adaptive high street retail spaces in the world reducing the number of empty shop units by working directly with asset managers or commercial landlords.
It is already established in two UK cities where 5 units have been live for 12 months.
The company platform and services provide a cost effective way for overseas businesses to have a UK high street presence without the overhead costs which can badly impact a new business.
Its aims are to deliver a fit out made entirely of recycled plastic composite, to end the scandal of wasted temporary fit-outs across the industry. to carbon offset all of it’s energy consumption.
Stage of development
Already on the market
Partner sought
Partners should be smaller, high end retailers who are looking for an opportunity to sell directly onto the UK high street in a quicker, flexible and more economical way. Partners can come from a variety of sectors as the white wall of the stores can be branded for the time allocation of each company.
The company is seeking to work with these companies either as a commercial agent under a commercial agency agreement or under an outsourcing agreement where it would bring in its own staff as the representatives of the client organisation.