Retail Franchise opportunities to start in Darwen

Why should you invest in Darwen?

Have you ever considered opening a franchise in Darwen? This could be your opportunity to manage your own business while receiving comprehensive training and marketing support, since many businesses in the Blackburn with Darwen area are currently recruiting franchisees. Why not have a browse through our range of new business investment options? There are opportunities to suit many needs and business objectives.

According to recent census data, 149,000 people live in Blackburn with Darwen. The most prevalent age group in the population falls within the 0-19 age bracket. The local labour force consists of 66,100 people, or 71.6% of the total population. With an unemployment rate of 5%, recent data shows that employment in this area is slightly higher than in the rest of the UK. The local income averages £23,609 per year, which is lower than the £30,629 average income in the UK as a whole.

The High Street Shops sector and its franchising opportunities

There are 19 brands offering franchise options in the High Street Shops 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, three E Cigarette franchises, 19 Retail franchises and four Tool franchises recruiting at this time. Amongst these options, there is likely to be one to suit your career goals and aspirations. Interesting fact: companies in Retail employ 7,000 people in the Blackburn with Darwen area. This could be your opportunity to open a successful business of your own!

Three franchise business examples worth looking at

The High Street Shops sector has many franchise opportunities available, such as Cash Converters, which has been in business since 1984. The brand's extensive experience, good reputation and wide exposure are valuable assets. The brand runs in 200 franchise locations which make up a well-established business community. To start your business, you will need an initial investment of £100,000. 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 Cash Converters, the minimum personal investment is £39,000. Given these higher startup costs, this opportunity is less suitable for first-time franchisees.

Tubz Vending is another interesting franchising opportunity if you plan to invest in the High Street Shops sector. The brand's network is made up of 300 franchisees, which increase its exposure. You will need an initial investment of £3,295 to start your own Tubz Vending business. 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. A small premises will also be required to operate this business.

Lastly, Noa Noa is another successful brand operating in the High Street Shops sector. This brand is expanding, counting 90 outlets across the UK. If you can't afford the startup costs on your own, you could see if you qualify for financial aid. Visit our website for more information.

There are currently 19 franchising opportunities available in the High Street Shops sector. But you also have plenty of investment possibilities in other sectors as well, including more than 232 franchising opportunities available on Point Franchise.

NOMIS and the ONS provided the data shown on this page. This text was automatically generated by LabSense.