Retail Franchise opportunities to start in Rugby
Rugby and its prospects for new Businesses
The Rugby area offers many interesting business opportunities. If you like the idea of running your own business, you should consider franchising. This would allow you to work for yourself while receiving the support of an established brand. Have a look on this page to discover the franchise options available to you in Rugby. Deciding which sector you'd like to work in will lead you to the brands that best suit your needs and business objectives.
The Rugby region has 107,000 residents. The most prevalent age group in the population is 40 to 59 years old. The region has a 3.9% unemployment rate, which is in line with the national average of 4%. Overall, the region's labour force consists of 57,200 people or 86.7% of the total population. The local income averages £30,280 per year, which is in line with the just over £30,500 average income in the United Kingdom as a whole.
Why open a franchise in the High Street Shops sector?
If the idea of running a business in the High Street Shops sector appeals to you, have a look at the 19 brands currently recruiting franchisees in the sector. The High Street Shops sector is actually part of the Retail industry which offers a wider selection. There are currently four Tool franchises, three Craft franchises, four Printing franchises, three Toy Store franchises and two Greeting Card franchises recruiting at this time. Amongst these options, there is likely to be one to suit your career goals and aspirations. If you would like to operate a business in the Retail industry, it could be useful to know that companies in the field currently employ 4,000 people in the Rugby area.
Take a look at three franchise business examples
If you plan to invest in the High Street Shops sector, Mr Arkwright's Tool Emporium could be a good option. An investment in this franchise entitles you to expert training and support.
CAVAVIN is an interesting investment opportunity in the High Street Shops sector. By joining its network of 160 franchisees, you would become a part of a strong business community. To start your business, you will need an initial investment of £100,000. If you intend to get a loan to cover the costs of opening a franchise, a personal investment of 30 to 50% of the total amount will generally be required. For CAVAVIN, the minimum personal investment is £40,000. It is thus less appropriate for new investors. You will also need to invest in a large premises to operate this business. If you can't cover the startup costs on your own, you could find out if you qualify for financial aid. See our website for details. This brand also provides its franchisees with full training and support.
Lastly, another option to consider is Granite & TREND Transformations. Starting a Granite & TREND Transformations business requires an initial investment of £67,500. At least £30,000 should come from your own personal investment. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources. Granite & TREND Transformations provides comprehensive training and support to help you build a successful business of your own.
The High Street Shops sector offers 19 franchising opportunities. Whether you've already made the decision to invest or are still weighing your options, it's worth exploring different sectors. At Point Franchise, we have a total of close to 250 franchising opportunities to help you find the perfect fit.
This page contains data provided by NOMIS and the ONS. This content was automatically generated by LabSense.