NAIROBI, Kenya, Jul 25 – Uchumi Supermarket has announced plans to pilot the Franchise Business Model at the Nairobi West Branch as it seeks to bounce back to profitability.
The retail chain has called for expression of interest to franchise the branch in Nairobi West.
“Successful candidates shall be required to demonstrate financial resources in the high hundreds of millions of shillings,” the firm says.
This is the second branch that the retailer is targeting to convert to a franchise model having already advertised uptake of the Uchumi Langata hyper branch.
The franchising model is aimed at offering private and mostly small supermarkets the opportunity to trade under its brand name.
The Supermarket chain has closed over two dozen branches due to rent arrears and low stock volumes,
The company had a negative capital position of Sh4.68 billion as at the end of April 2018.