Retail Franchise opportunities to start in Oldham
What to know before starting a franchise in Oldham
If you'd like to run your own business but don't know where to start, a franchise might just be the answer. Oldham, situated in the North West of England, could be a good place to start as there are many businesses currently recruiting franchisees in the Oldham area. Why not have a look through our range of new business investment options? There are opportunities to suit many needs and business goals.
Recent figures show that 236,000 people live in Oldham. The most prevalent age group in the population is 0 to 19 years old. The region has an economically active population of 105,000 people, or 73.2% of the total population. The unemployment rate (3.6%) is low compared to the rest of the United Kingdom. For the Oldham area, the average income is £23,879, which is lower than the UK average salary of just over £30,500.
Does the High Street Shops sector appeal to you?
In the United Kingdom, there are 19 franchises recruiting in the High Street Shops sector. In addition to the business opportunities in the High Street Shops sector, the Retail sector offers two Music Shop franchises, three Toy Store franchises, two Greeting Card franchises, three Craft franchises and 19 Retail franchises. Have a look at the brands to see if your perfect match is among them. Opening a business is not a simple feat, but becoming a franchisee makes managing your own business much more feasible. The Oldham area offers plenty of opportunities for starting a new and exciting business venture of your own. The Retail industry is a busy one in the region, already employing 9,000 people. So, what is stopping you from opening your own business in Oldham today?
Three franchise businesses worth reading about
If the High Street Shops sector is your area of interest, Mail Boxes Etc. Is worth considering. Franchisees benefit from this company's wide network, which operates across 1,600 franchise locations. Starting a Mail Boxes Etc. franchise will require you to invest a minimum of £60,000. At least £25,000 of this should come from your own personal investment. These relatively low startup costs make it a good option to pursue for first-time franchisees. By investing in this franchise, you may qualify for financial support.
Take a look at Gautier. This brand is developing, counting two locations in the United Kingdom. A small premises will be required to operate this business.
Finally, Granite & TREND Transformations is an interesting franchising opportunity in the High Street Shops sector. You will need an initial investment of £67,500 to open your own Granite & TREND Transformations business. Your personal investment should account for at least £30,000 of the total amount. You may want to think about getting a loan to open a business in this sector. Given these higher startup costs, this opportunity is less suitable for first-time franchisees.
If you are interested in the High Street Shops sector and want to discover more franchising options, check out the 19 brands available in this sector. If you're interested in exploring franchising opportunities in other sectors, Point Franchise has 236 brands to pick from.
This page contains machine-generated content provided by LabSense, using data collected from NOMIS and the ONS.