Retail Franchise opportunities to start in Newcastle upon Tyne
Newcastle upon Tyne is waiting for you to begin a franchise business
Discover the possibilities waiting for you in Newcastle upon Tyne, situated in North East England. On this page you'll find a selection of brands recruiting franchisees in the Newcastle upon Tyne area. Franchising is an opportunity to manage your own business, complete with training and marketing support. We offer franchise investment opportunities in many different sectors. Why not look into the sector that appeals to you the most?
According to recent census data, 300,000 people live in Newcastle upon Tyne. Residents aged 20 to 39 years old make up the majority of the population. The local labour force includes 141,500 people, or 70.9% of the total population. With an unemployment rate of 5.2%, recent data indicates that employment in this area is slightly higher than in the rest of the UK. The region's average gross annual income of £29,204 is in line with the average income of close to £31,000 across the UK.
Could the High Street Shops sector be the right choice for you?
Are you interested in the High Street Shops sector? You're likely to come across a franchise worth considering among 19 brands in the UK. Bear in mind that the potential for exciting business ventures in the Retail sector is not limited to the High Street Shops sector. Other available investment options include two Cosmetic franchises, two Music Shop franchises, three E Cigarette franchises, 19 Retail franchises and four Tool franchises. See if there's one to suit your business goals.
Three franchise business examples worth looking at
Gautier is a competitive brand operating in the High Street Shops sector. By joining its current two franchisees, you would be joining a growing brand network. You will need to invest in a small premises to operate this business. By investing in this franchise, you can receive training and support from an established brand. Gautier provides comprehensive training and support to help you build a successful business of your own.
Another brand worth considering is Cash Converters. First launched in 1984, Cash Converters has acquired substantial customer loyalty over its 36 years in business. The brand has a well-established network and good visibility, running in 200 franchise locations. This business requires a significant initial investment of £100,000. If you plan on getting 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 is an opportunity best suited for most established franchisees with greater access to financial resources. Training and assistance provided by Cash Converters will help you lead your business in the right direction.
Finally, another possibility to consider is Promedica24. By joining its 100 franchises already in operation, you could contribute to this company's expansion. Starting a Promedica24 business requires a reasonable initial investment of £40,000. If you intend to get a loan to cover the startup costs, Promedica24 asks for a personal investment of at least £1,000. For most franchises, this amount represents 30 to 50% of the total investment. Given these low startup costs, this opportunity is suitable for both first-time investors and established franchisees. If you are unsure about starting your own business, taking on an established franchise could be the solution. Promedica24 provides full training and support, ensuring that its franchisees are well-equipped to succeed. Also, if you can't afford the startup costs on your own, you may qualify for financial assistance. See eligibility details on our website.
The High Street Shops sector has many successful franchise businesses. We currently have 19 opportunities available in this sector. Plus, with almost 250 alternative franchising options available across various sectors, Point Franchise offers plenty of choice to find the brand that best meets your needs.
Data on this page was provided by NOMIS and the ONS. This content was machine-generated in partnership with LabSense.