Retail Franchise opportunities to start in Cramlington
Cramlington: A great location to start a business
Discover the business options waiting for you in Cramlington, situated in the North East of England. On this page you'll find a range of brands that could make you a franchisee in the Northumberland area. Becoming a franchisee would allow you to run your own business and benefit from comprehensive support. Deciding which sector you'd like to work in will lead you to the brands that best suit your needs and business objectives.
The Northumberland region has 320,000 residents. The most prevalent age group in the population falls in the 60+ age bracket. Approximately 141,300 people are economically active in the region, representing 77.0% of the population. The unemployment rate (6.1%) is high compared to the national average (4%). The gross annual income in Northumberland amounts to £26,168, which is slightly lower than the national average of just over £30,500.
Why start a franchise in the High Street Shops sector?
There are 19 brands currently looking for franchisees in the High Street Shops sector. If this sector appeals to you, check them out. There are also two Cosmetic franchises, 19 Retail franchises, four Tool franchises, three Toy Store franchises and three Fashion franchises recruiting franchisees in the Retail sector, alongside the High Street Shops options. Have a look to find out whether any fit your career goals and aspirations.
Check out three available franchise opportunities
If the High Street Shops sector is your area of interest, Gautier is worth looking at. The brand is growing, with two locations currently in operation, and a desire to expand further. You will need to invest in a small premises to operate this business.
Cash Converters is an interesting franchising opportunity in the High Street Shops sector. In business since 1984, Cash Converters has acquired expertise and customer loyalty in its 36 years since opening. The brand operates in 200 franchise locations which make up a well-established business network. Opening a Cash Converters business requires a significant initial investment of £100,000. If you plan on getting a loan to cover the startup costs, Cash Converters asks for a personal investment of at least £39,000. For most franchises, this amount represents 30 to 50% of the total investment. Due to the higher startup costs, this option is not recommended for first-time franchisees.
Lastly, Mail Boxes Etc. Is another interesting option. A network of 1,600 franchisees promotes the brand's visibility. To start your business, you will need an initial investment of £60,000. If you intend to get a loan to cover the costs of opening a franchise, a personal investment of 30 to 50% of the total amount will usually be required. For Mail Boxes Etc., the minimum personal investment is £25,000. These low startup costs make it a good option to pursue for first-time franchisees. You may be eligible for financial aid. See our website for details.
If you want to work in the High Street Shops sector, the perfect investment opportunity could be waiting for you among our 19 available franchises in the sector. If you are still not sure which sector best suits your needs, have a look through our selection of almost 250 franchising opportunities across various sectors on Point Franchise.
This page contains data collected from NOMIS and the ONS. This content was automatically generated by LabSense.