Retail Franchise opportunities to start in Bromsgrove
What can Bromsgrove offer to new businesses?
Many brands are currently recruiting franchisees in Bromsgrove, located in the West Midlands. By becoming a franchisee, you could run your own business while receiving comprehensive training and marketing assistance. Keep reading to explore the options in the Bromsgrove area. With your interests and business goals in mind, have a look at our selection of new business investment options.
The Bromsgrove area has a population of 99,000 people. The most represented age group is 60+ years old. The community has a 4.4% unemployment rate, which is slightly higher than the UK average of 4%. There are 48,100 economically active people in the region, representing 83.9% of the total population. Bromsgrove has an average annual salary of £33,414, which is higher than the national average income of £30,629.
Why High Street Shops businesses appeal to franchisees
Are you interested in the High Street Shops sector? If so, there are 19 available brands to choose from across the country. The High Street Shops sector is a part of the Retail sector. Other brands recruiting in this industry include three E Cigarette franchises, three Fashion franchises, two Cosmetic franchises, four Sweet Shop franchises and four Printing franchises. Among these franchising opportunities, there will likely be one that fits your career goals and aspirations.
Check out these three business examples
The High Street Shops sector has many franchise options available, such as Ecigwizard, which was first established in 2011. By joining its current 45 franchisees, you would be joining a fast growing brand network. To start your business, you will need an initial investment of £60,000. If you plan on getting a loan to cover the costs of opening a franchise, a personal investment of 30 to 50% of the total amount will typically be required. For Ecigwizard, the minimum personal investment is £40,000. It is thus less appropriate for new investors. By investing in this established brand, you could qualify for financial aid.
Cash Converters is another interesting investment opportunity if you plan to invest in the High Street Shops sector. Launched in 1984, the brand's extensive experience, good reputation and wide exposure are valuable assets. The brand operates in 200 franchise locations which make up a well-established business network. Starting a Cash Converters business requires a significant initial investment of £100,000. If you intend to get a loan to cover the startup costs, Cash Converters asks for a personal investment of at least £39,000. For most franchises, this amount represents 30 to 50% of the total investment. Due to the higher startup costs, this option is not advisable for first-time franchisees.
Lastly, another interesting franchising opportunity is Card Group, which has been in business since 1997. The company now has 23 years of experience, making it a leader in the sector. It is now firmly rooted in the market, counting 1,500 franchise outlets. A total of £60,000 is required to open a Card Group franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £40,000 of the total investment should come from your personal funds. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources. By investing in this franchise, you may be eligible for financial support. See eligibility details on our website.
If you are interested in the High Street Shops sector and would like to know more about its available franchising options, explore the 19 companies currently recruiting franchisees in the sector. Plus, with 236 alternative franchising options available in different sectors, Point Franchise offers plenty of choice to find the brand that best meets your needs.
Data on this page was provided by NOMIS and the ONS. This content was machine-generated in partnership with LabSense.