Retail Franchise opportunities to start in Wallsend
Wallsend and its prospects for new Businesses
Located in the North East of England, Wallsend is an area with business opportunities on the rise. If working as your own boss with a team behind you sounds appealing, check out our franchising opportunities in North Tyneside and take the first step towards managing your own business. Browse our extensive possibilities in order to find the right franchise for you, and you'll be one step closer to opening your own business.
The population of North Tyneside is 206,000. The population's most prevalent age group is made up of 40-59 year olds. The local labour force consists of 102,600 people, or 80.4% of the total population. With an unemployment rate of 3%, recent data shows that employment in this area is lower than in the rest of the United Kingdom. The local income averages £27,665 per year, which is slightly lower than the close to £31,000 average income in the UK as a whole.
Running a franchise in the High Street Shops sector
If the idea of running a business in the High Street Shops sector appeals to you, have a look at the 19 brands currently recruiting franchisees in the field. The High Street Shops sector is actually part of the Retail sector which offers a wider selection. There are currently four Printing franchises, two Greeting Card franchises, three Fashion franchises, three Toy Store franchises and three E Cigarette franchises recruiting at this time. Amongst these options, there is likely to be one to suit your career goals and aspirations. Opening a business is not a simple feat, but becoming a franchisee makes running your own business much more feasible. The North Tyneside area offers plenty of opportunities for starting a new and exciting business venture of your own. The Retail industry is a busy one in the region, already employing 8,000 people. So, what is stopping you from starting your own business in North Tyneside today?
Three brands worth your attention
If you plan to invest in a High Street Shops business, you could consider Cash Converters. First established in 1984, the brand has built strong customer loyalty over the past 36 years. By joining its network of 200 franchisees, you would become a part of a strong business community. Opening a Cash Converters business requires a substantial 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 advisable for first-time franchisees.
You could also consider Cash Generator, which has been running since 1997. The company now has 23 years of experience, making it a leader in the sector. The brand has a well-established network and good visibility, operating in 700 franchise locations. You will need to invest £240,000 to begin running your own Cash Generator business, which is a substantial initial investment. Your personal investment should account for at least £80,000 of the total amount. Due to the higher startup costs, this option is not recommended for first-time franchisees.
Finally, Apollo Blinds is another interesting franchising opportunity if you plan to invest in the High Street Shops sector. Launched in 1972, Apollo Blinds has grown a dedicated following since opening 48 years ago. There are 50 outlets open so far, and the network is expanding. To open your own Apollo Blinds business, you will need an initial investment of £20,000. Whether you're an established franchisee or a first-time investor, the low startup costs mean that this could be a good option for you.
The High Street Shops sector has many successful franchise businesses. We currently have 19 options available in this sector. You will find a total of almost 250 franchise options on Point Franchise. So if you are still looking for the perfect investment opportunity, there are still plenty of options for you to explore.
This text was automatically generated in partnership with LabSense, using data collected from NOMIS and the ONS.