Retail Franchise opportunities to start in Chadderton
Chadderton and its prospects for new Businesses
Are you considering opening a franchise? Chadderton, in North West England, could have a lot to offer. By becoming a franchisee, you could benefit from training and marketing support from an established brand while managing your own business. Have a look at the brands currently recruiting in Oldham. Exploring our selection of companies and sectors will allow you to pinpoint the type of business that is right for you.
The Oldham area has 236,000 residents. The age group with the highest concentration is 0-19. Unemployment in the area (3.6%) is low compared to the United Kingdom as a whole (4%). The labour force represents 73.2% of the local population, or 105,000 people. The annual salary in the United Kingdom is close to £31,000 on average. The people of Oldham earn an average annual salary of £23,879, lower than the national average.
What the High Street Shops sector could offer you
Across the United Kingdom, there are 19 franchises in the High Street Shops sector. Multiple brands offer franchise opportunities in other sectors within the Retail industry. For instance, there are two Cosmetic franchises, four Printing franchises, three Craft franchises, four Sweet Shop franchises and three Fashion franchises. You'll find options to suit many different career objectives and aspirations. Many businesses in Oldham already operate in the Retail industry, which employs 9,000 people. You would be joining a well-established business community.
Check out these three business examples
Zip Yard is an interesting franchise operating in the High Street Shops sector. If you decide to invest in this franchise, financial aid is available, providing you meet the eligibility criteria.
Another interesting investment opportunity is Tubz Vending. The brand runs in 300 franchise locations which make up a well-established business community. You will need an initial investment of £3,295 to open your own Tubz Vending business. Given these low startup costs, this opportunity is suitable for both first-time investors and established franchisees. A small premises will also be required to operate this business. Financial assistance is available for eligible franchisees.
Finally, Schmidt is another interesting option. This brand is expanding, counting 28 locations in the UK. Starting a Schmidt business requires a substantial initial investment of £350,000. At least £80,000 should come from your own personal investment. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources. A small premises will also be required to operate this business. Also, if you can't afford the startup costs on your own, you may qualify for financial support. See eligibility details on our website.
If you are thinking about running a franchise business in the High Street Shops sector, you might be interested to browse our 19 available brands. If you're still torn between different sectors, no problem! Point Franchise offers 236 franchising opportunities across a variety of sectors. Enjoy exploring your options.
This text was automatically generated in partnership with LabSense, using data collected from NOMIS and the ONS.