Retail Franchise opportunities to start in Washington
What to know before opening a franchise in Washington
Many brands are currently looking for franchisees in Washington, located in North East England. By becoming a franchisee, you could run your own business while receiving comprehensive training and marketing assistance. Keep reading to explore the options in the Sunderland area. There are a variety of new business investment opportunities available based on your budget and career goals. Have a browse to find the brand that appeals to you most.
An estimated 277,000 people currently live in Sunderland. Residents aged 40 to 59 years old are the most represented within the population. Unemployment in the area (7.1%) is high compared to the United Kingdom as a whole (4%). The labour force represents 74.5% of the local population, or 130,000 people. The local income averages £24,167 per year, which is lower than the £30,629 average salary in the UK as a whole.
Why choose to open a franchise in the High Street Shops sector?
If you would like to operate a High Street Shops franchise, you are likely to find one that interests you among 19 available across the United Kingdom. The High Street Shops sector is just one sector among many in the Retail sector. Its 19 Retail franchises, three Craft franchises, four Printing franchises, four Sweet Shop franchises and two Music Shop franchises are also worth considering. Let our selection of brands be your guide to starting your next exciting investment opportunity.
Have a look at three franchise business examples
Santos is a competitive business operating in the High Street Shops sector. To start your business, you will need an initial investment of £300,000. 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 generally be required. For Santos, the minimum personal investment is £100,000. It is thus less appropriate for new investors. You will also need to invest in a small premises to operate this business. An investment in this franchise entitles you to financial aid, if eligible.
Noa Noa is another interesting brand operating in the High Street Shops sector. By investing in this established brand, you could be eligible for financial aid.
Finally, another option worth considering is Gautier. By joining its network of two franchisees, you could play a part in this brand's success. A small premises will be required to operate this business. Also, if you can't afford the startup costs on your own, you may qualify for financial support. See our website for more information.
If you would like to have a look at more franchising options in the High Street Shops sector, we currently have 19 available opportunities. At Point Franchise, we have close to 250 new business investment opportunities available, giving you plenty to choose from in other sectors as well.
This page contains machine-generated content provided by LabSense, using data collected from NOMIS and the ONS.