Retail & Stores Franchise opportunities to start in Coalville
Coalville is waiting for you to start a franchise business
Would you like to run your own business? Coalville, located in the East Midlands, could be a good place to start. There are many businesses currently recruiting franchisees in the North West Leicestershire area. Franchising gives you the opportunity to manage your own business while benefitting from the support of an established brand. Deciding which sector you'd like to work in will lead you to the brands that best suit your needs and career objectives.
The North West Leicestershire area has 102,000 residents. Residents aged 40 to 59 years old have the highest concentration in the population. North West Leicestershire has an unemployment rate of 6.2% within its labour force of 48,100 people. This rate is high compared to the national average. The local income averages £28,742 per year, which is slightly lower than the just over £30,500 average salary in the United Kingdom as a whole.
Why choose to open a franchise in the Retail industry?
The Retail industry currently offers 61 franchise opportunities. If this sector appeals to you, have a look at our options. There are currently three Craft franchises, four Printing franchises, two Music Shop franchises, four Sweet Shop franchises and three Fashion franchises recruiting franchisees. Have a look to find out whether any fit your career goals and aspirations. The Retail industry provides employment for many people. In North West Leicestershire, companies currently employ 3,500 people in the sector.
Check out these three business examples
Initially established in 2011, Mac Tools operates in the Retail industry. The brand's network is made up of 170 franchisees, which promote its exposure. To start your business, you will need an initial investment of £50,000. If you plan on getting a loan to cover the costs of opening a franchise, a personal investment of 30 to 50% of the total amount will typically be required. For Mac Tools, the minimum personal investment is £5,000. These relatively low startup costs make it a good option to pursue for first-time franchisees. You may be eligible for financial assistance.
You could also consider Signorini TARTUFI. By joining its network of 31 franchisees, you could play a part in this brand's success. You will need to invest £90,000 to open your own Signorini TARTUFI business. At least £30,000 of this significant amount should come from your own personal investment. Due to the higher startup costs, this option is not advisable for first-time franchisees. A small premises will also be required to operate this business. If you make the decision to invest in this franchise, financial aid is available, providing you meet the eligibility criteria. Visit our website for details.
Finally, another opportunity worth considering is Cash Converters. First launched in 1984, Cash Converters is a recognized leader in the field, with 36 years of experience under its belt by joining its network of 200 franchisees, you would become a part of a strong business community. This business requires a significant initial investment of £100,000. If you intend to get 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 Cash Converters business is £39,000. Given these higher startup costs, this opportunity is less suitable for first-time franchisees.
If you would like to know more about franchise opportunities in the Retail industry, have a browse through our 61 available options. If you're interested in exploring franchising options in other sectors, Point Franchise has almost 250 brands to choose from.
Data on this page was collected from NOMIS and the ONS. This content was machine-generated in partnership with LabSense.