Retail Franchise opportunities to start in Worcester
Investing in Worcester could be your next move
Franchising is a great way to start your own business, while benefitting from the comprehensive support of an established brand. Have a look at our selection of brands in Worcester, located in the Worcester area in the West Midlands, where many businesses are currently recruiting. Why not have a look through our range of new business investment options? There are opportunities to suit various needs and business goals.
Recent figures show that 102,000 people live in Worcester. The majority of residents are aged 20 to 39 years old. Unemployment affects 4% of the UK population. With a rate of 1.8%, unemployment in this area is significantly lower than the national average. The economically active population amounts to 54,500 people, representing 81.7% of the population. Across the UK, the average gross salary is just over £30,500. In the Worcester area, it is £27,563.
What the High Street Shops sector could offer you
If you want to run your own business in the High Street Shops sector, the good news is that there are 19 franchises currently recruiting new franchisees across the country. There are also three Fashion franchises, 19 Retail franchises, three E Cigarette franchises, four Printing franchises and three Toy Store franchises recruiting franchisees in the Retail industry, alongside the High Street Shops options. Have a browse to find out whether any fit your career goals and aspirations. If you are considering joining the Retail industry, it may interest you to know that 5,000 people have already made the decision to work in this field in the Worcester area.
Three franchise business examples worth looking at
Veeno could be a great option for you if you're planning to invest in the High Street Shops sector. By joining its current eight franchisees, you would become a part of a growing brand network. Opening a Veeno business requires an initial investment of £80,000. At least £35,000 should come from your own personal investment. Given these higher startup costs, this opportunity is less suitable for first-time franchisees.
Post & Packing, open since 2012, is another interesting option. This brand is expanding quickly, counting 11 outlets across the country. In order to start a Post & Packing business, an initial investment of £50,000 is required. If you plan on getting a loan to cover the startup costs, you will usually need to cover 30 to 50% of the total investment yourself. Post & Packing requires a personal investment of at least £35,000. It is thus less appropriate for new investors. By investing in this franchise, you may qualify for financial assistance.
Finally, another interesting franchising opportunity is Noa Noa. There are 90 locations open so far, and the network is expanding. By investing in this established brand, you could be eligible for financial aid. See eligibility details on our website.
Many businesses are already operating in the High Street Shops sector. We currently have 19 franchise opportunities available in the sector. If you are still not sure which sector best suits your needs, have a look through our range of 236 franchising opportunities across various sectors on Point Franchise.
NOMIS and the ONS provided the data shown on this page. This text was automatically generated by LabSense.
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