Retail Franchise opportunities to start in Gloucester

Investing in a franchise in Gloucester

Many brands are currently recruiting franchisees in Gloucester, located in the South West. By becoming a franchisee, you could manage your own business while receiving comprehensive training and marketing assistance. Keep reading to explore the options in the Gloucester area. Explore our sectors and brands to find your best options among many franchising opportunities, keeping in mind your personal interests and business goals.

The Gloucester area has a population of 129,000 people. The community has a 4.5% unemployment rate, which is slightly higher than the national average of 4%. There are 70,900 economically active people in the area, representing 87.3% of the total population. The UK's annual average salary is £30,629. Salaries in Gloucester are slightly lower in comparison, averaging £26,300 a year.

Running a franchise in the High Street Shops sector

There are 19 franchises in the High Street Shops sector to choose from. The High Street Shops sector is just one example of the options available in the Retail sector. Other options include three Toy Store franchises, four Tool franchises, 19 Retail franchises, three Craft franchises and three E Cigarette franchises. Have a look, the perfect investment opportunity for you could be a few clicks away. Interesting fact: companies in Retail employ 7,000 people in the Gloucester area. This could be your opportunity to start a successful business of your own!

Three franchises that could interest you

In business since 1984, Cash Converters is a competitive brand operating in the High Street Shops sector. Cash Converters has grown a loyal following since opening 36 years ago. The brand's network is vast, counting 200 outlets in the United Kingdom. This business requires a significant initial investment of £100,000. 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 open a Cash Converters business is £39,000. Due to the higher startup costs, this option is not recommended for first-time franchisees.

Check out CAVAVIN. The brand operates in 160 franchise locations which make up a strong business community. You will need an initial investment of £100,000 to open your own CAVAVIN business. Your personal investment should account for at least £40,000 of the total amount. You may want to consider getting a loan to open a business in this sector. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources. You will also need to invest in a large premises to operate this business. Also, if you can't afford the startup costs on your own, you may qualify for financial support.

Finally, have a look at Card Group, another interesting High Street Shops franchise that launched in 1997. The brand has acquired valuable experience and expertise over the past 23 years. A network of 1,500 franchisees promotes the brand's exposure. Opening a Card Group business requires an initial investment of £60,000. At least £40,000 should come from your own personal investment. Given these higher startup costs, this opportunity is less suitable for first-time franchisees. If you can't afford the startup costs on your own, you may qualify for financial aid. See our website for details.

If you would like to take a look at more franchising options in the High Street Shops sector, we currently have 19 available opportunities. You will find a total of almost 250 franchise options on Point Franchise. So if you are still looking for the perfect business opportunity, there are still plenty of options for you to explore.

This text was automatically generated in partnership with LabSense, using data collected from NOMIS and the ONS.