Retail Franchise opportunities to start in Mansfield
Thinking about living and working in Mansfield?
Mansfield, located in Scotland, offers a variety of new business investment opportunities, especially if you like working for yourself but not on your own. Learn more about our franchising possibilities here. You might just find the right brand for starting your own business in the East Ayrshire area. Explore our sectors and brands to find your best options among different franchising opportunities, keeping in mind your personal interests and business objectives.
According to recent census data, 122,000 people live in East Ayrshire. The population's most prevalent age group is made up of 40-59 year olds. In terms of employment, the area has a labour force of 58,300 people (77.9%), of which the unemployment rate is 4.6%. This figure is slightly higher than the average unemployment rate in the UK. The average gross salary in the United Kingdom is just over £30,500. Residents of East Ayrshire earn £26,792 a year on average.
Why start a franchise in the High Street Shops sector?
Are you interested in running your own business in the High Street Shops sector? Take a look at our 19 franchise options available in this sector. The High Street Shops sector is part of the Retail industry which offers a wide selection of interesting options. These include four Printing franchises, 19 Retail franchises, three Fashion franchises, two Music Shop franchises and two Cosmetic franchises. See if any catch your eye. In the East Ayrshire area, the Retail industry provides work for 3,500 people.
Eager to know more? Here are three franchise business examples
The High Street Shops sector offers a range of brands to choose from, including Cash Converters. Launched in 1984, Cash Converters is a recognized leader in the field, with 36 years of experience under its belt the brand's network is important, counting 200 locations across the country. A significant initial investment of £100,000 will enable you to open your own Cash Converters business. In most cases, your personal investment should represent 30 to 50% of the total amount. Cash Converters requires you to personally invest at least £39,000. You could potentially apply for a loan to cover the remaining costs. Due to the higher startup costs, this option is not advisable for first-time franchisees.
Granite & TREND Transformations is another interesting franchise option if you plan to invest in the High Street Shops sector. You will need an initial investment of £67,500 to start your own Granite & TREND Transformations business. Your personal investment should account for at least £30,000 of the total amount. You may want to think about getting a loan to open a business in this sector. Due to the higher startup costs, this option is not recommended for first-time franchisees.
Finally, another option to consider is BoConcept. The company first began operating in 1993. BoConcept now has over 27 years of experience under its belt. The brand benefits from a well-established network and good exposure, operating in 250 franchise outlets. To start your own BoConcept franchise, you will need to invest £500,000, of which at least £100,000 should be your own personal investment. You could get a loan to help cover the remaining startup costs. Due to the higher startup costs, this option is not recommended for first-time franchisees.
Starting a business in the High Street Shops sector has great potential. If you're interested, explore our 19 available opportunities. With almost 250 franchising opportunities to choose from across different sectors, you have a good chance of finding a brand that meets your needs on Point Franchise.
NOMIS and the ONS provided the data shown on this page. This text was automatically generated by LabSense.