Retail Franchise opportunities to start in Aldridge
Aldridge and its prospects for new Businesses
You could start your own business by becoming a franchisee in Aldridge. There are a number of opportunities to choose from in Walsall, located in the West Midlands. Check out our selection of brands and start managing your own business with a team behind you. By exploring the sectors that appeal to you the most, you will find the franchises that best suit your interests and business objectives.
There are 283,000 people living in the Walsall region. When broken down by age range, 0-19 year olds represent the largest portion of the population. The local labour force consists of 130,000 people, or 75.7% of the total population. With an unemployment rate of 6.7%, recent data indicates that employment in this area is slightly higher than in the rest of the United Kingdom. The local income averages £24,014 per year, which is lower than the close to £31,000 average salary in the UK as a whole.
What the High Street Shops sector could offer you
If you're thinking about becoming a franchisee in the High Street Shops sector, have a look at our 19 franchise options currently available in the sector. Bear in mind that the Retail industry offers many investment opportunities in addition to those in the High Street Shops sector. Have a look through our four Sweet Shop franchise, three Toy Store franchises, two Cosmetic franchises, 19 Retail franchises and two Greeting Card franchises to see if any suit your career goals and aspirations.
Three franchise businesses worth reading about
The High Street Shops sector offers a variety of brands to choose from, including Mail Boxes Etc. With a significant network of 1,600 locations, the brand knows how to support its franchisees. You will need an initial investment of £60,000 to start your own Mail Boxes Etc. business. Your personal investment should account for at least £25,000 of the total amount. You may want to think about getting a loan to open a business in this sector. These low startup costs make this a good franchising option for first-time franchisees. An investment in this franchise entitles you to expert training and support as well as financial aid, if eligible. Visit our website for details.
The High Street Shops sector has many brands worth considering. Take a look at BoConcept. First established in 1993, the company now has 27 years of experience, making it a leader in the field. The brand's network is made up of 250 franchisees, which promote its visibility. This business requires a substantial initial investment of £500,000. 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 start a BoConcept business is £100,000. It is thus less appropriate for new investors.
Lastly, another option worth considering is Noa Noa. By joining its network of 90 franchisees, you could play a part in this brand's success. Noa Noa provides comprehensive training and support to help you build a successful business of your own.
If you would like to have a look at more franchising options in the High Street Shops sector, we currently have 19 available opportunities. Point Franchise currently has a total of almost 250 brands recruiting franchisees across a range of sectors. Have a browse to see which other sectors you might want to invest in.
NOMIS and the ONS provided the data shown on this page. This text was automatically generated by LabSense.