Retail Franchise opportunities to start in Kidderminster
What to know before opening a franchise in Kidderminster
If you want to start your own business, you may find that Kidderminster has a lot to offer. Many brands are currently recruiting franchisees in the Wyre Forest area. Read on to see if running a franchise could be a good option for you! Why not have a browse through our range of franchising options? There are opportunities to suit various needs and career goals.
The population of Wyre Forest is 101,000. The majority of residents are aged over 60 years old. Approximately 43,900 people are economically active in the region, representing 76.7% of the population. The unemployment rate (3.2%) is low compared to the national average (4%). Wyre Forest has an average annual income of £26,703, which is slightly lower than the national average salary of just over £30,500.
The High Street Shops sector: An interesting opportunity for franchisees
Are you interested in the High Street Shops sector? You're likely to find a franchise worth considering among 19 brands across the UK. In addition to the business opportunities in the High Street Shops sector, the Retail industry offers four Sweet Shop franchises, two Cosmetic franchises, three Fashion franchises, two Greeting Card franchises and three Toy Store franchises. Take a look at the brands to find out if your perfect match is among them. Retail is a well-established industry, providing work for 4,500 people in Wyre Forest alone.
Three franchise business examples
If you are interested in running a business in the High Street Shops sector, read about Apollo Blinds, a company operating since 1972. Apollo Blinds has been operating for 48 years and has gained many loyal customers as a result. By joining its 50 franchises already in operation, you could contribute to this company's expansion. To start your own Apollo Blinds business, you will need an initial investment of £20,000. Whether you're an established franchisee or a first-time investor, the low startup costs mean that this could be a good option for you.
Another option to consider is Santos. The brand's network is made up of 260 franchisees, which promote its visibility. Starting a Santos franchise will require you to invest a minimum of £300,000. At least £100,000 of this should come from your own personal investment. Due to the higher startup costs, this option is not advisable for first-time franchisees. You will also need to invest in a small premises to operate this business. If you can't afford the startup costs on your own, you may be eligible for financial assistance.
Lastly, another option worth considering is CAVAVIN. The brand benefits from a well-established network and good exposure, running in 160 franchise locations. You will need to invest £100,000 to start operating your own CAVAVIN business, which is a significant initial investment. Your personal investment should account for at least £40,000 of the total amount. It is thus less appropriate for new investors. 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. See our website for details.
If you would like to have a look at more new business investment options in the High Street Shops sector, we currently have 19 available opportunities. But you also have plenty of investment possibilities in other sectors as well, including more than 232 franchising opportunities available on Point Franchise.
This page contains data provided by NOMIS and the ONS. This content was automatically generated by LabSense.