Retail Franchise opportunities to start in Romiley
Romiley and its prospects for new Businesses
You could start your own business by becoming a franchisee in Romiley. Stockport, located in North West England, offers a variety of new business investment possibilities. On this page, you'll find a selection of brands looking for franchisees. Why not have a look through our range of franchising options? There are opportunities to suit many needs and business objectives.
According to recent census data, there are 292,000 people living in Stockport. Residents aged 40 to 59 years old are the most represented within the population. The community has a 4.8% unemployment rate, which is slightly higher than the national average of 4%. There are 141,600 economically active people in the area, representing 80.6% of the total population. The average gross salary in the United Kingdom is just over £30,500. Residents of Stockport earn £31,553 a year on average.
What the High Street Shops sector could offer you
Across the UK, there are 19 franchises operating in the High Street Shops sector. Bear in mind that the potential for exciting business ventures in the Retail industry is not limited to the High Street Shops sector. Other available investment options include three Craft franchises, two Cosmetic franchises, three Toy Store franchises, two Greeting Card franchises and three E Cigarette franchises. See if there's one to suit your career goals.
Three franchise businesses worth reading about
The High Street Shops sector has many franchise opportunities available, such as Ecigwizard, which launched in 2011. By joining its 45 franchises already in operation, you could contribute to this company's rapid expansion. You will need to invest £60,000 to start operating your own Ecigwizard business. Your personal investment should account for at least £40,000 of the total amount. Due to the higher startup costs, this option is not recommended for first-time franchisees. Eligible candidates may apply for financial assistance.
Have a look at Nicholas Humphreys Estate Agent, another competitive High Street Shops franchise that launched in 1999. The company is now mature and a leader within the sector, having grown its franchise network for 21 years. The brand is developing, with 28 locations currently in operation, and a desire to expand further. This business requires a reasonable initial investment of £31,200. If you intend to get 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 open a Nicholas Humphreys Estate Agent business is £15,000. These low startup costs make this a good franchising option for first-time franchisees. If you can't afford the startup costs on your own, you may qualify for financial aid. See our website for more information.
The High Street Shops sector has many brands worth considering. As a final example, take a look at Cash Converters. Initially established in 1984, Cash Converters now has 36 years of experience in the field, making it a strong leader. The brand's network is made up of 200 franchisees, which promote its exposure. You will need to invest £100,000 to open your own Cash Converters business. At least £39,000 of this substantial amount 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.
There are currently 19 available investment opportunities in the High Street Shops sector. Check out these brands to see if there's a good fit for you. If you are still not sure which sector best suits your needs, have a look through our selection of almost 250 new business investment opportunities across a variety of sectors on Point Franchise.
This page contains data collected from NOMIS and the ONS. This content was automatically generated by LabSense.