Retail Franchise opportunities to start in Lincoln
Opening a franchise business in Lincoln
If you want to start your own business, you may find that Lincoln has a lot to offer. Many companies are currently recruiting franchisees in the Lincoln area. Read on to find out if running a franchise could be a good option for you! To begin, look for the line of work that interests you the most. This is a quick way to find the brand best suited to you.
Lincoln has an estimated population of 99,000 people. The most prevalent age range in the population is 20 to 39 years old. The labour force makes up 78.3% of the population, or approximately 50,600 people. The community has an unemployment rate of 6.1% which is slightly higher than the national average of 4%. Salaries in Lincoln average £24,278 a year, while in the United Kingdom the average income is close to £31,000.
The High Street Shops sector: An interesting opportunity for franchisees
If you wish to operate a High Street Shops franchise, you are likely to find one that appeals to you among 19 available across the United Kingdom. The Retail sector offers a variety of options in addition to those in the High Street Shops sector. These include four Tool franchises, three Toy Store franchises, three Craft franchises, 19 Retail franchises and four Sweet Shop franchises. Take a look at the brands available to see which could be your perfect match. In Lincoln, there are currently 7,000 people employed in the Retail industry, so you would be joining an established business network.
Have a look at these three business examples
The High Street Shops sector has many franchise options available, such as Card Group, which launched in 1997. The brand is now mature and a leader within the sector, having grown its franchise community for 23 years. With a wide network of 1,500 locations, the brand knows how to support its franchisees. Opening a Card Group franchise will require you to invest a minimum of £60,000. At least £40,000 of this should come from your own personal investment. Due to the higher startup costs, this option is not recommended for first-time franchisees. If you choose to invest in this franchise, financial aid is available, providing you meet the eligibility criteria.
You could also consider Mail Boxes Etc. A network of 1,600 franchisees promotes the brand's exposure. This business requires a reasonable initial investment of £60,000. If you plan on getting 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 Mail Boxes Etc. business is £25,000. These low startup costs make this a good franchising option for first-time franchisees. Eligible candidates may apply for financial assistance.
Finally, another possibility to consider is Gautier. By joining its two franchises already in operation, you could contribute to this company's expansion. A small premises will be required to operate this business. If you can't cover the startup costs on your own, you may qualify for financial aid. See our website for more information.
If you are interested in the High Street Shops sector and would like to discover more franchising opportunities, check out the 19 brands available in this sector. Plus, with close to 250 alternative franchising options available across various sectors, Point Franchise offers plenty of choice to find the right brand for you.
This page contains data provided by NOMIS and the ONS. This content was automatically generated by LabSense.