Retail Franchise opportunities to start in Bolton
Thinking about living and working in Bolton?
If you want to start your own business, you may find that Bolton has a lot to offer. Many companies are currently recruiting franchisees in the Bolton area. Keep reading to see if running a franchise could be a good option for you! Why not have a browse through our range of franchising options? There are opportunities to suit various needs and career objectives.
There are an estimated 285,000 people in the Bolton area. The most prevalent age group in the population is 40 to 59 years old. The local unemployment rate of 7.5% among 132,000 economically active people, or 74.5% of the population, is slightly higher than the average in the United Kingdom. With an average gross annual income of £26,225, salaries in Bolton are slightly lower than the average salary of just over £30,500 across the UK.
Does the High Street Shops sector appeal to you?
If you're thinking about becoming a franchisee in the High Street Shops sector, have a look at our 19 franchise options currently available in the field. The High Street Shops sector is part of the Retail industry, which also offers four Tool franchises, three Fashion franchises, three E Cigarette franchises, three Toy Store franchises and three Craft franchises. The perfect business to suit your career goals and aspirations might just be among them.
Take a look at these three business examples
Granite & TREND Transformations operates in the High Street Shops sector. This business requires an initial investment of £67,500. 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 Granite & TREND Transformations business is £30,000. Due to the higher startup costs, this option is not recommended for first-time franchisees.
Another option to consider is Ecigwizard, a brand that was first established in 2011. This brand is growing quickly, counting 45 locations in the UK. 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. Financial assistance can be provided in some circumstances.
Lastly, check out Post & Packing, another attractive High Street Shops franchise that launched in 2012. The brand is expanding quickly, with 11 outlets currently 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. Eligible candidates may apply for financial aid. See our website for details.
There are 19 franchises waiting to be discovered in the High Street Shops sector. At Point Franchise, we have 236 new business investment opportunities available, giving you plenty to choose from in other sectors as well.
This text was automatically generated in partnership with LabSense, using data provided by NOMIS and the ONS.