Retail Franchise opportunities to start in Prescot

What to consider when opening a franchise in Prescot

Discover the business options waiting for you in Prescot, situated in the North West of England. On this page you'll find a selection of brands that could make you a franchisee in the Knowsley area. Becoming a franchisee would allow you to manage your own business and benefit from comprehensive support. Deciding which sector you'd like to work in will lead you to the brands that best suit your needs and business goals.

According to recent census data, there are 150,000 people in Knowsley. The most prevalent age group in the population falls in the 40-59 age bracket. The region has an economically active population of 72,200 people, or 77.9% of the total population. The unemployment rate (2.9%) is very low compared to the rest of the United Kingdom. Across the UK, the average gross income is close to £31,000. In the Knowsley area, it is £25,844.

What the High Street Shops sector could offer you

Are you interested in the High Street Shops sector? You're likely to find a franchise worth considering among 19 brands across the United Kingdom. There are also two Greeting Card franchises, four Sweet Shop franchises, four Printing franchises, three E Cigarette franchises and 19 Retail franchises recruiting franchisees in the Retail sector, alongside the High Street Shops options. Have a browse to find out whether any fit your career goals and aspirations. In Knowsley, there are currently 7,000 people employed in the Retail industry, so you would become a part of an established business network.

Three franchises that could interest you

If working in the High Street Shops sector appeals to you, check out Noa Noa. By joining its network of 90 franchisees, you could contribute to this brand's success. If you can't afford the startup costs on your own, you may be eligible for financial aid.

If the High Street Shops sector appeals to you, Schmidt is another option you could have a look at. There are 28 outlets open so far, and the network is expanding. This business requires a significant initial investment of £350,000. If you plan on getting a loan to cover startup costs, you should anticipate adding a personal investment of 30 to 50% of the total investment as a general rule. The minimal personal investment to start a Schmidt business is £80,000. Due to the higher startup costs, this option is not recommended for first-time franchisees. You will also need to invest in a small premises to operate this business. If you choose to invest in this franchise, financial assistance is available, providing you meet the eligibility criteria. See our website for more information.

Finally, another option worth considering is Cash Converters, a company that has been operating since 1984. Cash Converters has been operating for 36 years and has acquired many loyal customers as a result. The brand runs in 200 franchise locations which make up a well-established business community. Starting a Cash Converters franchise will require you to invest a minimum of £100,000. At least £39,000 of this should come from your own personal investment. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources.

If you are interested in the High Street Shops sector and would like to know more about its available franchising opportunities, look into the 19 businesses currently recruiting franchisees in the sector. You will find a total of close to 250 franchise options on Point Franchise. So if you are still looking for the perfect investment opportunity, there are still plenty of options for you to explore.

Data on this page was provided by NOMIS and the ONS. This content was machine-generated in partnership with LabSense.