Retail Franchise opportunities to start in West Bromwich
West Bromwich is an attractive town to invest in
West Bromwich, located in the West Midlands, has many opportunities for people looking to start their own business. There are many brands currently recruiting franchisees in the Sandwell area. This could mean working for yourself while benefiting from the comprehensive support of an established brand. We offer a variety of realistic new business investment possibilities, so that you can find one you like.
Sandwell has an estimated population of 327,000 people. The majority of residents are aged 20 to 39 years old. In terms of employment, the region has a labour force of 153,400 people (74.7%), of which the unemployment rate is 5.3%. This figure is slightly higher than the average unemployment rate across the UK. The annual income in the UK is close to £31,000 on average. The people of Sandwell earn an average annual salary of £23,823, lower than the national average.
Have you considered the High Street Shops sector?
If you're interested in becoming a franchisee in the High Street Shops sector, have a look at our 19 franchise options currently available in the field. There are also three Toy Store franchises, two Greeting Card franchises, three Craft franchises, three E Cigarette franchises and four Printing franchises recruiting franchisees in the Retail sector, alongside the High Street Shops options. Have a browse to see whether any fit your career goals and aspirations.
Three examples of available franchise business opportunities
If you're interested in the High Street Shops sector, check out BoConcept. The brand runs in 250 franchise locations which make up a strong business network. It has been operating since 1993. BoConcept has proved itself to be a successful business and leader in the sector in its 27 years since opening. Opening a BoConcept business requires a substantial initial investment of £500,000. At least £100,000 should come from your own personal investment. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources.
Nicholas Humphreys Estate Agent is an interesting franchise option in the High Street Shops sector. Initially established in 1999, Nicholas Humphreys Estate Agent now has over 21 years of experience under its belt. This brand is expanding, counting 28 location across the United Kingdom. To start your own Nicholas Humphreys Estate Agent franchise, you will need to invest £31,200, of which at least £15,000 should be your own personal investment. You could apply for a loan to help cover the remaining startup costs. These relatively low startup costs make it a good option to pursue for first-time franchisees. Eligible candidates may apply for financial aid.
Finally, CAVAVIN is another interesting investment opportunity if you plan to invest in the High Street Shops sector. The brand's network is significant, counting 160 outlets across the country. This business requires a significant initial investment of £100,000. If you plan on getting 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 CAVAVIN business is £40,000. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources. You will also need to invest in a large premises to operate this business. An investment in this franchise entitles you to financial assistance, if eligible. Visit our website for more information.
If you are interested in the High Street Shops sector and want to discover more franchising opportunities, take a look at the 19 brands available in this sector. If you're curious about franchising options in other sectors, Point Franchise has 236 brands to pick from.
NOMIS and the ONS provided the data shown on this page. This text was automatically generated by LabSense.