Retail Franchise opportunities to start in Stourbridge
Stourbridge is an attractive town to invest in
Stourbridge, located in the West Midlands, currently offers many franchising opportunities. As a franchisee, you could run your own business while receiving expert training and support from an established brand. Keep reading to explore the options in the Dudley area. There are a number of franchising opportunities available based on your budget and career objectives. Have a look to find the brand that appeals to you most.
An estimated 321,000 people currently live in Dudley. The age group with the highest concentration is 40-59. The local labour force includes 145,500 people, or 76.2% of the total population. With an unemployment rate of 4.7%, recent data indicates that employment in this area is slightly higher than in the rest of the UK. For the Dudley area, the average income is £28,043, which is slightly lower than the UK average salary of £30,629.
Why High Street Shops businesses appeal to franchisees
If you want to manage 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. The High Street Shops sector is just one example of a sector you could invest in. Could your ideal business be among our three E Cigarette franchises, four Tool franchises, two Cosmetic franchises, three Fashion franchises and three Craft franchises available in the Retail industry? Have a browse to find out.
Three franchise business examples
Granite & TREND Transformations is a competitive franchise operating in the High Street Shops sector. An initial investment of £67,500 will enable you to open your own Granite & TREND Transformations business. In most cases, your personal investment should represent 30 to 50% of the total amount. Granite & TREND Transformations requires you to personally invest at least £30,000. You could potentially get a loan to cover the remaining costs. Due to the higher startup costs, this option is not recommended for first-time franchisees.
CAVAVIN is another interesting option. The brand's network is made up of 160 franchisees, which enhance its visibility. This business opportunity requires a significant initial investment of £100,000. You could get a loan to help cover startup costs, in which case your personal investment will generally need to cover 30 to 50% of the total investment. CAVAVIN asks for a minimum personal investment of £40,000. Due to the higher startup costs, this option is not advisable for first-time franchisees. You will also need to invest in a large premises to operate this business. By investing in this franchise, you may qualify for financial assistance. See our website for more information.
As a final example, have a look at Cash Generator. In business since 1997, Cash Generator has acquired valuable experience in the field in its 23 years since first opening. The brand operates in 700 franchise locations which make up a strong business community. This business requires a significant initial investment of £240,000. 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 start a Cash Generator business is £80,000. Given these higher startup costs, this opportunity is less suitable for first-time franchisees.
Opening a business in the High Street Shops sector has great potential. If you're interested, explore our 19 available options. Don't forget that we offer new business investment selections across many different sectors on Point Franchise. If you're still looking for the perfect match, just explore our option of 236 franchising possibilities.
This text was automatically generated in partnership with LabSense, using data provided by NOMIS and the ONS.