Retail Franchise opportunities to start in Cheltenham
Opening a franchise business in Cheltenham
If you want to start your own business, you may find that Cheltenham has a lot to offer. Many brands are currently looking for franchisees in the Cheltenham area. Keep reading to see if running a franchise could be a good option for you! We offer a number of realistic new business investment options, so that you can find one you like.
Approximately 117,000 people currently live in Cheltenham. The majority of the population falls within the 20-39 age range. The local labour force consists of 64,100 people, or 87.6% of the total population. With an unemployment rate of 3.8%, recent data shows that employment in this area is in line with the rest of the United Kingdom. Cheltenham has an average annual salary of £36,162. This salary is significantly higher than the rest of the United Kingdom, which has an average income of just over £30,500.
Could the High Street Shops sector be the right choice for you?
If you're considering becoming a franchisee in the High Street Shops sector, check out our 19 franchise opportunities currently available in the field. This is just one of the sectors you could choose within the Retail industry. There are also two Cosmetic franchises, two Greeting Card franchises, four Tool franchises, two Music Shop franchises and four Printing franchises. Have a browse and find out if any are a good fit for you. Interesting fact: companies in Retail employ 7,000 people in the Cheltenham area. This could be your opportunity to open a successful business of your own!
Have a look at three franchise business examples
Noa Noa is a competitive brand operating in the High Street Shops sector. By joining its current 90 franchisees, you would be joining a growing brand network. This brand also provides its franchisees with full training and support.
Card Group could be another good option for you to invest in. Initially established in 1997, this brand has developed a comprehensive support package, drawing on its 23 years of expertise in the sector. The brand has developed over time and now operates in 1,500 different locations. This business requires an initial investment of £60,000. 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 Card Group business is £40,000. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources. Card Group also provides training and support to help you run your business efficiently.
Finally, Cash Converters, open since 1984, is another interesting option. The brand runs in 200 franchise locations which make up a well-established business community. The brand has grown a dedicated following over the past 36 years. To start your own Cash Converters franchise, you will need to invest £100,000, of which at least £39,000 should be your own personal investment. You could apply for a loan to help cover the remaining startup costs. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources. If you are unsure about starting your own business, taking on an established franchise could be the answer. Cash Converters offers full training and support, ensuring that its franchisees are well-equipped to succeed.
If you would like to work in the High Street Shops sector, the perfect investment opportunity could be waiting for you among our 19 available franchises in the sector. You will find a total of close to 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 page contains data collected from NOMIS and the ONS. This content was automatically generated by LabSense.