Retail Franchise opportunities to start in Blyth
What to consider when opening a business in Blyth
Blyth, located in North East England, 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 Northumberland area. Starting a business should be exciting! Have a look at our range of franchising options, starting with the sectors that you feel most passionate about.
Northumberland has an estimated population of 320,000 people. The most represented age group is 60+ years old. The labour force in Northumberland amounts to 141,300 people, with an unemployment rate of 6.1%. This rate is slightly higher than the national average. The annual income in the UK is just over £30,500 on average. The people of Northumberland earn an average annual salary of £26,168, slightly lower than the national average.
Why the High Street Shops sector appeals to franchisees
If you wish to run a business in the High Street Shops sector, take a look at our 19 franchises currently recruiting franchisees in the sector. The High Street Shops sector is actually part of the Retail industry which offers a wider selection. There are currently four Printing franchises, two Music Shop franchises, two Greeting Card franchises, two Cosmetic franchises and three Craft franchises recruiting at this time. Amongst these options, there is likely to be one to suit your career goals and aspirations.
Three franchise businesses worth reading about
The High Street Shops sector offers a range of brands to choose from, including Cash Converters. Launched in 1984, Cash Converters has gained expertise and customer loyalty in its 36 years since opening. The brand operates in 200 franchise locations which make up a strong business community. A total of £100,000, a significant initial investment, is required to start a Cash Converters franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £39,000 of the total investment should come from your personal funds. Due to the higher startup costs, this option is not recommended for first-time franchisees.
Another possibility to consider is Post & Packing. The company was first established in 2012. There are 11 outlets open so far, and the network is expanding rapidly. To start your business, you will need an initial investment of £50,000. If you plan on getting 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 Post & Packing, the minimum personal investment is £35,000. Due to the higher startup costs, this option is not advisable for first-time franchisees. If you can't cover the startup costs on your own, you could find out if you qualify for financial assistance.
Finally, you could also consider Schmidt. By joining its 28 franchises already in operation, you could contribute to this company's expansion. Starting a Schmidt business requires a significant initial investment of £350,000. At least £80,000 should come from your own personal investment. It is thus less appropriate for new investors. You will also need to invest in a small premises to operate this business. You may qualify for financial aid. See our website for more information.
If you are interested in the High Street Shops sector and would like to learn more about its available franchising options, check out the 19 businesses currently recruiting franchisees 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.
Data on this page was collected from NOMIS and the ONS. This content was machine-generated in partnership with LabSense.