Retail Franchise opportunities to start in Tipton
Investing in Tipton could be your next move
If you'd like to run your own business but don't know where to start, a franchise might just be the answer. Tipton, situated in the West Midlands, could be a good place to start as there are many businesses currently recruiting franchisees in the Sandwell area. If you already know which line of work you'd like to pursue, look into our franchise options in that sector. If not, have a look and see what other options catch your eye. We have brands to suit all kinds of interests and career goals.
An estimated 327,000 people currently live in Sandwell. When broken down by age range, 20-39 year olds represent the largest portion of the population. The 5.3% unemployment rate among 153,400 economically active people in the community is slightly higher than the national average. Across the UK, the average gross income is £30,629. In the Sandwell area, it is £23,823.
Could the High Street Shops sector be the right choice for you?
Are you interested in the High Street Shops sector? If so, there are 19 available franchises to choose from across the UK. The High Street Shops sector is part of the Retail industry, which also offers two Cosmetic franchises, three Craft franchises, four Sweet Shop franchises, four Tool franchises and 19 Retail franchise. The perfect business to suit your career objectives and aspirations might just be among them.
Take a look at three franchise business examples
If you plan to invest in the High Street Shops sector, Card Group could be a good option. In business since 1997, the company now has 23 years of experience, making it a leader in the sector. Franchisees benefit from this brand's wide network, which operates across 1,500 franchise locations. To start your own Card Group franchise, you will need to invest £60,000, of which at least £40,000 should be your own personal investment. You could apply for a loan to help cover the remaining startup costs. Due to the higher startup costs, this option is not advisable for first-time franchisees. Financial aid can be given in some circumstances.
Have a look at Tubz Vending. The brand's network is important, counting 300 outlets across the country. To open your own Tubz Vending business, you will need an initial investment of £3,295. These low startup costs make it a good option to pursue for first-time franchisees. A large premises will also be required to operate this business. When investing in this franchise, you could be eligible for financial assistance. See our website for details.
Lastly, BoConcept is another successful brand that has been operating in the High Street Shops sector since 1993. BoConcept has proved itself to be a successful business and leader in the field in its 27 years since opening. The brand's network is made up of 250 franchisees, which promote its visibility. Starting a BoConcept franchise will require you to invest a minimum of £500,000. At least £100,000 of this should come from your own personal investment. Due to the higher startup costs, this option is not recommended for first-time franchisees.
There are currently 19 new business investment opportunities available in the High Street Shops 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 investment opportunity.
This text was automatically generated in partnership with LabSense, using data provided by NOMIS and the ONS.