Posted 14th April 2021
@retail powers well-known North East chain’s regional expansion
But that’s not all. @retail is in the process of negotiating two further acquisitions in the region on behalf of Frank’s the Flooring Store, and there are plans for even greater expansion taking shape.
Frank’s is the North East’s biggest independent family-run flooring retailer, famed for its memorable slogan, “I love carpets, me!”, and @retail has been privileged to support its steady growth, which in October 2020 included the brand opening its first store in the city of Durham, at Framwellgate Moor.
Only weeks later, @retail worked with Frank’s to acquire the former Topps Tiles premises in the market town of Alnwick, Northumberland, where it has invested £70,000 on its 3,500 sq. ft. showroom. Previously known as Frank’s Factory Flooring, its product range has over the years grown beyond carpets to encompass vinyl flooring, wooden floors, rugs, and even artificial grass.
Despite the pandemic, Frank’s is enjoying record sales; with people spending more time at home under lockdown, their attention has turned to improving their home environment.
With its strong foundation, coupled with a solid reputation, Frank’s has demonstrated, like many retailers, that in challenging times it has seen the opportunity to grow.
Mick Copeland, business development manager at Frank’s explains: “The longevity of our relationship with @retail has been a crucial factor in our achievements as the team has developed a clear understanding of our requirements, and uses its expertise to keep a close eye on the developments both on and off the market to spot potential opportunities.
“As a result, we’ve been able to secure premises in the right locations for us across the region, on terms that work for us in terms of our ambitions.”
@retail director Ian Thurlbeck added: “We spend a lot of time looking for the right premises and negotiating lease terms on behalf of our clients, so they can focus their time and attention on the day to day running of their business.
“Having developed such a great rapport with the team at Frank’s, we’re familiar with its business model and its strategy for future development, which equips us to find and secure them suitable premises with favourable terms.
“We’re dedicated and pleased to support the growth of such a North East success story as Frank’s, and look forward to working together to help it continue to go from strength to strength as an employer in the region.”
At @retail, we advise on all aspects of retail property management and ownership, offering strategic and operational consultancy on matters such as shopping centre leasing, investment, development, and professional services.
For further information about how we can help you to grow, visit atretail.co.uk.