Retail Franchise opportunities to start in Tynemouth
Tynemouth could be home to your new business
You could open your own business by becoming a franchisee in Tynemouth. North Tyneside, located in North East England, offers a number of new business investment possibilities. On this page, you'll find a selection of companies looking for franchisees. Start by looking for franchise options in the line of work you are most interested in. This will most likely help you find a brand that sparks your curiosity.
There are an estimated 206,000 people living in the North Tyneside area. Residents aged 40 to 59 years old are the most represented within the population. The 3% unemployment rate among the 102,600 economically active people in the area is lower than the national average. The local income averages £27,665 per year, which is slightly lower than the just over £30,500 average salary in the UK as a whole.
Why the High Street Shops sector appeals to franchisees
If the idea of running a business in the High Street Shops sector appeals to you, check out the 19 brands currently recruiting franchisees in the sector. Bear in mind that the potential for exciting investment opportunities in the Retail industry is not limited to the High Street Shops sector. Other available investment opportunities include four Printing franchises, two Music Shop franchises, four Sweet Shop franchises, two Cosmetic franchises and three Fashion franchises. See if there's one to suit your business goals. In North Tyneside, the Retail industry already provides employment for nearly 8,000 people, potentially making this path an ideal one for you, too!
Three franchises that could interest you
CAVAVIN is a competitive business operating in the High Street Shops sector. The brand's network is important, counting 160 locations across the country. In order to start a CAVAVIN business, a substantial initial investment of £100,000 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. CAVAVIN requires a personal investment of at least £40,000. Due to the higher startup costs, this option is not recommended for first-time franchisees. A large premises will also be required to operate this business. Also, if you can't cover the startup costs alone, you may be able to benefit from financial aid.
Promedica24 is another interesting franchising opportunity if you plan to invest in the High Street Shops sector. By joining its network of 100 franchisees, you could contribute to this brand's success. Starting a Promedica24 franchise will require you to invest a minimum of £40,000. At least £1,000 of this should come from your own personal investment. Given these low startup costs, this opportunity is suitable for both first-time investors and established franchisees. If you choose to invest in this franchise, financial assistance is available, providing you meet the eligibility criteria.
Lastly, Zip Yard is another interesting option. An investment in this franchise entitles you to financial aid, if eligible. See eligibility details on our website.
The High Street Shops sector has many successful franchise businesses. We currently have 19 opportunities available in this sector. If you are still not sure which sector best suits your needs, have a look through our range of almost 250 franchising opportunities across different sectors on Point Franchise.
This text was automatically generated in partnership with LabSense, using data provided by NOMIS and the ONS.