Retail Franchise opportunities to start in Wolverhampton
Wolverhampton: A great location to start a business
If you're thinking about running your own business in Wolverhampton, located in the West Midlands, you should explore franchising options. Several brands are currently recruiting in the Wolverhampton area. As a franchisee you could manage your own business while benefitting from comprehensive support. Keep reading to see if this could be for you. Why not have a look through our selection of franchising options? There are opportunities to suit many needs and career objectives.
According to recent census data, 262,000 people live in Wolverhampton. The most represented age range is 20-39 years of age. The community has a 7% unemployment rate, which is slightly higher than the national average of 4%. There are 118,500 economically active people in the region, representing 72.2% of the total population. The annual income in the UK is just over £30,500 on average. The people of Wolverhampton earn an average annual salary of £24,784, slightly lower than the country's average.
Running a franchise in the High Street Shops sector
Across the UK, there are currently 19 opportunities to run your own franchise in the High Street Shops sector. In fact, the Retail sector as a whole offers a wide variety of franchises to invest in, including three Craft franchises, three Toy Store franchises, three Fashion franchises, three E Cigarette franchises and two Music Shop franchises. Have a look at our available brands to find a potential match.
Here are three examples of franchise businesses
If you are interested in starting a business in the High Street Shops sector, BoConcept could be an option for you. Initially established in 1993, the company now has 27 years of experience, making it a leader in the sector. The brand's network is significant, counting 250 locations in the UK. A total of £500,000, a substantial initial investment, is required to start a BoConcept franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £100,000 of the total investment should come from your personal funds. Due to the higher startup costs, this option is not recommended for first-time franchisees.
Post & Packing is another successful business that has been operating in the High Street Shops sector since 2012. There are 11 outlets open so far, and the network is expanding rapidly. Opening a Post & Packing business requires an initial investment of £50,000. If you plan on getting a loan to cover the startup costs, Post & Packing asks for a personal investment of at least £35,000. For most franchises, this amount represents 30 to 50% of the total investment. Due to the higher startup costs, this option is not recommended for first-time franchisees. You could also receive financial assistance, if eligible.
Finally, Nicholas Humphreys Estate Agent is an interesting franchising opportunity in the High Street Shops sector. First launched in 1999, Nicholas Humphreys Estate Agent has proved itself to be a successful business and leader in the field in its 21 years since opening. By joining its network of 28 franchisees, you could play a part in this brand's success. You will need to invest £31,200 to start your own Nicholas Humphreys Estate Agent business. At least £15,000 of this reasonable amount should come from your own personal investment. These low startup costs make this a good franchising option for first-time franchisees. Financial support is available for eligible franchisees. See eligibility details on our website.
If working in the High Street Shops sector appeals to you, take a look at our 19 available investment options in the sector. If this sector doesn't suit your needs, don't worry. Point Franchise offers 236 franchise options across a variety of sectors to help you find your perfect business opportunity.
This page contains machine-generated content provided by LabSense, using data collected from NOMIS and the ONS.
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