Retail Franchise opportunities to start in Dudley
Dudley: A great location to start a business
Dudley, located in the West Midlands, offers a variety of new business investment options, especially if you like working for yourself but not on your own. Learn more about our franchising opportunities here. You might just find the right brand for starting your own business in the Dudley area. Explore our extensive possibilities in order to find the right franchise for you, and you'll be one step closer to starting your own business.
The population of Dudley is 321,000. The majority of the population falls within the 40-59 age group. Approximately 145,500 people are economically active in the region, representing 76.2% of the population. The unemployment rate (4.7%) is high compared to the UK average (4%). The area's average gross annual income of £28,043 is slightly lower than the average income of close to £31,000 across the UK.
Running a franchise in the High Street Shops sector
If you wish to run a business in the High Street Shops sector, have a look at our 19 brands currently recruiting franchisees in the sector. The High Street Shops sector is just one example of a sector you could invest in. Could your ideal business be among our two Music Shop franchises, two Cosmetic franchises, two Greeting Card franchises, three Toy Store franchises and four Tool franchises available in the Retail sector? Have a look to find out.
Here are three examples of franchise businesses
If you would like to invest in a High Street Shops business, you could consider Cash Generator. First established in 1997, Cash Generator has proved itself to be a successful business and leader in the field in its 23 years since opening. The brand's network is important, counting 700 outlets across the UK. You will need to invest £240,000 to start operating your own Cash Generator business, which is a significant initial investment. Your personal investment should account for at least £80,000 of the total amount. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources.
Noa Noa is another interesting option. By joining its current 90 franchisees, you would become a part of a growing brand network.
Lastly, Card Group could be another good option for you to invest in. In business since 1997, the company is now mature and a leader within the sector, having developed its franchise community for 23 years. With a vast network of 1,500 locations, the brand knows how to support its franchisees. Opening a Card Group business requires an initial investment of £60,000. If you plan on getting a loan to cover the startup costs, Card Group asks for a personal investment of at least £40,000. For most franchises, this amount represents 30 to 50% of the total investment. It is thus less appropriate for new investors. By investing in this franchise, you may qualify for financial support. See our website for more information.
The High Street Shops sector currently offers 19 franchising opportunities. If you are still not sure which sector best suits your needs, have a look through our range of 236 franchising opportunities across a variety of sectors on Point Franchise.
Data on this page was collected from NOMIS and the ONS. This content was machine-generated in partnership with LabSense.