Retail Franchise opportunities to start in Newark-on-Trent
Newark-on-Trent is waiting for you to start a franchise business
If you'd like to run your own business but don't know where to start, a franchise might just be the solution. Newark-on-Trent, situated in the East Midlands, could be a good place to start as there are many businesses currently recruiting franchisees in the Newark and Sherwood area. To begin, look for the line of work that appeals to you the most. This is a quick way to find the brand best suited to you.
There are 122,000 people in the Newark and Sherwood region. When broken down by age group, the majority of the population falls within the 60+ category. The community has 57,000 economically active people, representing 77.9% of the population, with an unemployment rate of 6%. This rate is slightly higher than the country's 4% national average. For the Newark and Sherwood area, the average salary is £28,564, which is slightly lower than the UK average income of close to £31,000.
Running a High Street Shops franchise business
There are currently 19 opportunities to invest in the High Street Shops sector. If you would like to operate a business in this sector, keep reading. The High Street Shops sector is a part of the Retail industry. Other brands recruiting in this industry include four Tool franchises, two Greeting Card franchises, four Sweet Shop franchises, three Fashion franchises and three Craft franchises. Among these new business investment options, there will likely be one that fits your career goals and aspirations. If you're interested in the Retail industry, you're not alone. In Newark and Sherwood, 5,000 people currently work in the field.
Three franchise business examples worth looking at
Nicholas Humphreys Estate Agent could be a great choice for you if you're interested in the High Street Shops sector. Open since 1999, the company now has 21 years of experience, making it a leader in the field. By joining its current 28 franchisees, you would be joining a growing brand network. 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. Given these low startup costs, this opportunity is suitable for both first-time investors and established franchisees. If you can't cover the startup costs on your own, you could see if you qualify for financial aid.
The High Street Shops sector has many brands worth considering. Have a look at Veeno. There are eight outlets open so far, and the network is expanding. You will need to invest £80,000 to start running your own Veeno business. Your personal investment should account for at least £35,000 of the total amount. Due to the higher startup costs, this option is not advisable for first-time franchisees. Financial assistance can be provided in some circumstances. See our website for details.
As a final example, check out Cash Converters. Initially established in 1984, Cash Converters has gained many loyal customers over the past 36 years. The brand's network is made up of 200 franchisees, which enhance its visibility. A significant initial investment of £100,000 will enable you to open your own Cash Converters business. In most cases, your personal investment should represent 30 to 50% of the total amount. Cash Converters requires you to personally invest at least £39,000. You could potentially apply for a loan to cover the remaining costs. Due to the higher startup costs, this option is not advisable for first-time franchisees.
The High Street Shops sector offers 19 franchising opportunities. If you're interested in exploring business options in other sectors, we've got a total of close to 250 franchising opportunities to choose from on Point Franchise.
This page contains data collected from NOMIS and the ONS. This content was automatically generated by LabSense.