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How much does it cost to open a Uvesco franchise?

How much does it cost to open a Uvesco franchise?

Published in Revista Inforetail , 29 - May , 2020 abogados franquicias Overview franchises

More than three years have passed since Uvesco entered the franchise business and its balance sheet convinces the company. "We launched our franchise model more than three years ago and the result is very satisfactory for us, but above all it is for our franchisees, something that is key to its continuity", explains the head of BM Shop Franchise, Valentín Corral (in the image).

The company assures that the return on investment in the franchise occurs in an interval of between five and seven years, thanks to the achievement of significant annual returns. "In general, the total investment for the start-up of an establishment can be around 1,000 euros per square meter, although it will ultimately depend on the state of the premises in question", reveals the manager.

To undertake this investment, BM offers to finance an important part of the budget at 0% interest and offers financing collaboration agreements with different banking entities. Likewise, it finances the order to fill the store for 48 months without interest.

Asked if the franchise model has peaked, after two consecutive drops in turnover in Spanish food distribution, Corral is resounding: "Our experience is positive and we continue to bet on the development of our franchise; we think that the difficulties are not there. in the format itself, but in how it materializes. "

Last year closed the fiscal year with nine stores under this management model, all of them with the BM Shop banner, generating about 70 jobs. In 2019, it launched three new franchises located in Vizcaya (Bilbao and Barakaldo) and La Rioja (Ezcaray), while for this year it is planned to open five projects that will be located in the Basque Country, Navarra and Cantabria.

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¿Cuánto cuesta abrir una franquicia de Uvesco?
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