Retail Franchise opportunities to start in Birmingham
Birmingham could be home to your new business
Birmingham, located in the West Midlands, offers a number of new business investment options, especially if you like working for yourself but not on your own. Learn more about our franchising opportunities here. You might just find the right brand for starting your own business in the Birmingham area. Deciding which sector you'd like to work in will lead you to the businesses that best suit your needs and career goals.
There are approximately 1,141,000 people currently living in Birmingham. The most prevalent age group in the population falls within the 20-39 age bracket. In terms of employment, the area has an economically active population of 522,400 people (71.6%), of which the unemployment rate is 8.8%. This figure is slightly higher than the average unemployment rate across the United Kingdom. The average gross income in the United Kingdom is just over £30,500. Residents of Birmingham earn £26,786 a year on average.
Could the High Street Shops sector be the right choice for you?
Across the United Kingdom, you will find 19 franchises operating in the High Street Shops sector. The High Street Shops sector is part of the Retail sector which offers a wide selection of interesting options. These include four Printing franchises, three Fashion franchises, two Greeting Card franchises, 19 Retail franchises and four Sweet Shop franchises. See if any catch your eye. Moreover, the number of people currently employed in a specific industry gives an idea of how dynamic it is. In the Birmingham area, 45,000 people are employed by Retail companies.
Check out these three business examples
Nicholas Humphreys Estate Agent is a competitive franchise that has been operating in the High Street Shops sector since 1999. Nicholas Humphreys Estate Agent has proved itself to be a successful business and leader in the field in its 21 years since opening. This brand is growing, counting 28 outlets across the country. This business requires an affordable initial investment of £31,200. If you plan on getting a loan to cover startup costs, you should anticipate adding a personal investment of 30 to 50% of the total investment as a general rule. The minimal personal investment to open a Nicholas Humphreys Estate Agent business is £9,360. Given these low startup costs, this option could be suitable for first-time franchisees. Nicholas Humphreys Estate Agent provides comprehensive training and support to help you build a successful business of your own. Furthermore, you may qualify for financial aid. Visit our website for details.
The High Street Shops sector has many brands worth considering. Take a look at Granite & TREND Transformations. You will need to invest £67,500 to start your own Granite & TREND Transformations business. At least £30,000 of this should come from your own personal investment. It is thus less appropriate for new investors. By investing in this established brand, you can gain access to expert training and support
As a final example, have a look at Cash Converters. In business since 1984, Cash Converters has acquired expertise and customer loyalty in its 36 years since opening. The brand's network is made up of 200 franchisees, which increase its visibility. Starting a Cash Converters business requires a significant initial investment of £100,000. If you intend to get a loan to cover the startup costs, Cash Converters asks for a personal investment of at least £39,000. For most franchises, this amount represents 30 to 50% of the total investment. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources. Training and assistance provided by Cash Converters will help you lead your business in the right direction.
Many businesses are already operating in the High Street Shops sector. We currently have 19 franchise opportunities available in the sector. But you also have plenty of investment possibilities in other sectors as well, including more than 232 franchising opportunities available on Point Franchise.
This text was automatically generated in partnership with LabSense, using data provided by NOMIS and the ONS.