Retail Franchise opportunities to start in Tamworth
What to know before opening a franchise in Tamworth
If you'd like to run your own business but don't know where to start, a franchise might just be the answer. Tamworth, situated in the West Midlands, could be a good place to start as there are many brands currently recruiting franchisees in the Tamworth area. We offer a number of realistic new business investment options, so that you can find one you like.
There are approximately 77,000 people currently living in Tamworth. The majority of the population sits within the 40-59 age group. The community has a 5.3% unemployment rate, which is slightly higher than the UK average of 4%. There are 40,600 economically active people in the area, representing 86.8% of the total population. The average annual income across the UK is just over £30,500. With a gross salary averaging £26,343, residents of Tamworth have a slightly lower salary than the national average.
What the High Street Shops sector could offer you
If you're considering becoming a franchisee in the High Street Shops sector, check out our 19 franchise opportunities currently available in the sector. The High Street Shops sector is part of the Retail sector, which also offers three Toy Store franchises, four Tool franchises, two Cosmetic franchises, three E Cigarette franchises and three Craft franchises. The right business to suit your career objectives and aspirations might just be among them. The Retail industry provides work for many people. In Tamworth, companies currently employ 4,000 people in the field.
Here are three examples of franchise businesses
If you are interested in opening a business in the High Street Shops sector, read about Cash Generator, a brand operating since 1997. Cash Generator now has over 23 years of experience under its belt. The brand's network is made up of 700 franchisees, which promote its exposure. In order to start a Cash Generator business, a substantial initial investment of £240,000 is required. If you plan on getting a loan to cover the startup costs, you will usually need to cover 30 to 50% of the total investment yourself. Cash Generator asks for a personal investment of at least £80,000. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources.
Have a look at Veeno. By joining its current eight franchisees, you would be joining a growing brand network. You will need an initial investment of £80,000 to open your own Veeno business. Your personal investment should account for at least £35,000 of the total amount. You may want to think about getting a loan to open a business in this sector. Due to the higher startup costs, this option is not recommended for first-time franchisees. A large premises will also be required to operate this business. If you decide to invest in this franchise, financial assistance is available, providing you meet the eligibility criteria.
Lastly, Santos is another interesting option. By joining its network of 260 franchisees, you would become a part of a well-established business community. You will need to invest £300,000 to start your own Santos business. At least £100,000 of this substantial amount should come from your own personal investment. It is thus less appropriate for new investors. A small premises will also be required to operate this business. If you can't cover the startup costs on your own, you could find out if you qualify for financial aid. Visit our website for details.
If you are considering running a franchise business in the High Street Shops sector, you might be interested to explore our 19 available brands. Point Franchise has almost 250 franchising opportunities across a wide variety of sectors. So if this sector isn't for you, there are still lots of investment options to explore.
This page contains data collected from NOMIS and the ONS. This content was automatically generated by LabSense.