Retail Franchise opportunities to start in Jarrow
What to consider when opening a business in Jarrow
Have you ever considered opening a franchise in Jarrow? This could be your opportunity to manage your own business while benefiting from comprehensive training and marketing support, since many brands in the South Tyneside area are currently recruiting franchisees. Deciding which sector you'd like to work in will lead you to the businesses that best suit your needs and career goals.
South Tyneside has an estimated population of 150,000 residents. The age group with the highest concentration is 40-59. The local labour force includes 67,300 people, or 74.4% of the total population. With an unemployment rate of 8.2%, recent data shows that employment in this area is slightly higher than in the rest of the UK. Residents in the area earn £24,834 per year on average. This income is slightly lower than the country's average gross income, which reaches £30,629.
Why the High Street Shops sector appeals to franchisees
If you want to run your own business in the High Street Shops sector, the good news is that there are 19 franchises currently recruiting new franchisees across the country. In fact, the Retail sector as a whole offers a wide range of franchises to invest in, including three Fashion franchises, two Greeting Card franchises, four Sweet Shop franchises, four Tool franchises and two Music Shop franchises. Check out our available brands to find a potential match. If you are considering joining the Retail industry, it may interest you to know that 4,000 people have already made the decision to work in this sector in the South Tyneside area.
Eager to know more? Here are three franchise business examples
If you like the idea of opening a business in the High Street Shops sector, Granite & TREND Transformations could be an option for you. In order to start a Granite & TREND Transformations business, an initial investment of £67,500 is required. If you plan on getting a loan to cover the startup costs, you will typically need to cover 30 to 50% of the total investment yourself. Granite & TREND Transformations requires a personal investment of at least £30,000. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources. If you make the decision to invest in this franchise, you will be offered comprehensive training and support, giving your business the best possible chance to thrive.
Mail Boxes Etc. Is another interesting option. A network of 1,600 franchisees promotes the brand's exposure. A total of £60,000, an affordable initial investment, is required to open a Mail Boxes Etc. franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £25,000 of the total investment should come from your personal funds. These low startup costs make it a good option to pursue for first-time franchisees. Training and assistance provided by Mail Boxes Etc. will help you steer your business in the right direction. And, if eligible, you might be entitled to financial assistance.
Lastly, Nicholas Humphreys Estate Agent is an interesting investment opportunity in the High Street Shops sector. First launched in 1999, Nicholas Humphreys Estate Agent now has over 21 years of experience under its belt. By joining its current 28 franchisees, you would be joining a growing brand network. This business opportunity requires an affordable initial investment of £31,200. You could get a loan to help cover startup costs, in which case your personal investment will usually need to cover 30 to 50% of the total investment. Nicholas Humphreys Estate Agent asks for a minimum personal investment of £9,360. These low startup costs make this a good franchising option for first-time franchisees. This investment entitles you to training, assistance and support from Nicholas Humphreys Estate Agent. You could also receive financial aid, if eligible. Visit our website for details.
The High Street Shops sector offers 19 franchising opportunities. Point Franchise offers a total of 238 franchising options across many different sectors. So, if you're still looking for a brand that meets your needs, there are plenty of options for you to explore.
Data on this page was collected from NOMIS and the ONS. This content was machine-generated in partnership with LabSense.
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