Retail Franchise opportunities to start in Newbury
Newbury could be home to your new business
Have you ever considered opening a franchise in Newbury? This could be your opportunity to run your own business while benefiting from comprehensive training and marketing support, since many brands in the West Berkshire area are currently recruiting franchisees. We offer a number of realistic new business investment options, so that you can find one you like.
The West Berkshire region has 159,000 residents. The 40-59 age group is the most represented within the population. The labour force in West Berkshire amounts to 83,100 people, with an unemployment rate of 2.7%. This rate is significantly lower than the national average. Residents in the area earn £38,416 per year on average. This income is significantly higher than the country's average gross salary, which reaches £30,629.
The High Street Shops sector and its business opportunities
There are 19 franchises in the High Street Shops sector to choose from. The High Street Shops sector is part of the Retail sector which offers a wide selection of interesting options. These include three E Cigarette franchises, four Sweet Shop franchises, three Craft franchises, three Toy Store franchises and four Printing franchises. See if any catch your eye. Interesting fact: companies in Retail employ 7,000 people in the West Berkshire area. This could be your opportunity to open a successful business of your own!
Want to know more? Read about these three brands
If you are interested in running a business in the High Street Shops sector, read about Cash Generator, a company operating since 1997. Cash Generator has acquired valuable experience in the field in its 23 years since first opening. By joining its network of 700 franchisee, you would become a part of a well-established business community. This business opportunity requires a significant initial investment of £240,000. You could get a loan to help cover startup costs, in which case your personal investment will typically need to cover 30 to 50% of the total investment. Cash Generator requires a minimum personal investment of £80,000. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources.
Have a look at Post & Packing, another attractive High Street Shops franchise that launched in 2012. The brand is growing quickly, with 11 location already in operation, and a desire to expand further. In order to start a Post & Packing business, an initial investment of £50,000 is required. If you plan on getting a loan to cover the startup costs, you will usually need to cover 30 to 50% of the total investment yourself. Post & Packing asks for a personal investment of at least £35,000. It is thus less appropriate for new investors. If eligible, you might be entitled to financial aid.
Finally, Ecigwizard is another competitive brand operating in the High Street Shops sector. The first franchise launched in 2011. A total of £60,000 is required to open an Ecigwizard franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £40,000 of the total investment should come from your personal funds. Given these higher startup costs, this opportunity is less suitable for first-time franchisees. If you can't afford the startup costs on your own, you may qualify for financial assistance. See eligibility details on our website.
If you would like to learn more about franchise opportunities in the High Street Shops sector, have a browse through our 19 available options. Point Franchise offers a total of 236 franchising options across a variety of sectors. So, if you're still looking for a brand that meets your needs, there are plenty of options for you to explore.
This text was automatically generated in partnership with LabSense, using data provided by NOMIS and the ONS.