HiQ network celebrates Q1 business results
HiQ’s retail director, Juergen Titz announced HiQ’s Quarter One trading results at the first HiQ National Franchise Conference of 2010. Total gross profit for the opening quarter rose to 9.9% compared to the same period in 2009. Total tyre sales grew to 5.4% while total footfall increased by 8.6%.
Mr Titz told HiQ’s franchisees: 'These results are proving that our entrepreneurial approach, coupled with a franchise concept, is working very well.
'However, one quarter does not make a year. It is a promising start and we are more than happy to assume that these figures should be replicated for the whole 12 months.'
He added that franchisees needed to continue to build a position of trust within their communities, whilst working in partnership with the network’s Birmingham-based support team.
He concluded: 'We have a spirit and dynamism around everything we do, which is important. We have new partners on board and we will continue to aggressively expand the network in 2010 and beyond.
'Each franchisee must exploit the vast range of support that we have to offer through our create demand programme. Local heroes at each centre, coupled with our strong national retail brand, will make the difference.'For more of the latest industry news, click here.