Retail Franchise opportunities to start in Rotherham
Rotherham: A great location to start a business
You could start your own business by becoming a franchisee in Rotherham. Rotherham, located in Yorkshire and the Humber, offers a variety of new business investment options. On this page, you'll find a range of brands looking for franchisees. By browsing the sectors that appeal to you the most, you will find the franchises that best suit your interests and career objectives.
Recent figures show that Rotherham has a population of 265,000 residents. Residents aged 40 to 59 years old have the highest concentration in the population. The labour force in Rotherham amounts to 121,500 people, with an unemployment rate of 6%. This rate is slightly higher than the national average. The gross annual income in Rotherham amounts to £25,222, which is slightly lower than the national average of close to £31,000.
Why the High Street Shops sector appeals to franchisees
If you're thinking about 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 actually part of the Retail sector which offers a wider selection. There are currently three E Cigarette franchises, three Craft franchises, two Music Shop franchises, four Sweet Shop franchises and two Cosmetic franchises recruiting at this time. Amongst these options, there is likely to be one to suit your career goals and aspirations. Many businesses in Rotherham already operate in the Retail industry, which employs 9,000 people. You would become a part of a well-established business community.
Here are three examples of franchise businesses
If you are interested in running a business in the High Street Shops sector, read about Cash Generator, a company operating since 1997. Cash Generator has proved itself to be a successful business and leader in the field in its 23 years since opening. The brand operates in 700 franchise locations which make up a well-established business network. In order to open 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 generally 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 opportunity is less suitable for first-time franchisees.
Take a look at Mail Boxes Etc. With a wide network of 1,600 outlets, the brand knows how to support its franchisees. A total of £60,000, a reasonable initial investment, is required to start a Mail Boxes Etc. franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £25,000 of the total investment should come from your personal funds. These relatively low startup costs make it a good option to pursue for first-time franchisees. By investing in this franchise, you may be eligible for financial assistance.
Finally, another option worth considering is Zip Yard. When investing in this franchise, you could qualify for financial aid. See eligibility details on our website.
Opening a franchise in the High Street Shops sector has great potential. If you're interested, have a look at our 19 available opportunities. Plus, with 236 alternative franchising options available in different sectors, Point Franchise offers plenty of choice to find the right brand for you.
This text was automatically generated in partnership with LabSense, using data collected from NOMIS and the ONS.