Veritas Investments Limited has announced it will start a programme to franchise existing Nosh Food Market stores to appropriately qualified operators.
Veritas Chairman, Tim Cook, said the franchising of Nosh stores has always been part of the company’s vision since they acquired the business 18 months ago. “After a comprehensive review and restructure of operations we are now well positioned to roll out the franchise model for the existing Nosh stores,” Cook said.
Of the eight existing Nosh stores, two are already fully franchised: Mt Manganui and Constellation Drive on Auckland’s North Shore.
If successful, the franchise blueprint could be used to open new Nosh stores in other parts of New Zealand. The board sees this as an important milestone, which could present opportunities for further growth of the Nosh business, the company revealed in a news release.
