Retail Franchise opportunities to start in Smethwick

What to consider when starting a business in Smethwick

If you'd like to run your own business but don't know where to start, a franchise might just be the solution. Smethwick, situated in the West Midlands, could be a good place to start as there are many brands 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, look around and see what other options catch your eye. We have businesses to suit all kinds of interests and career objectives.

There are 327,000 people living in the Sandwell area. The majority of residents are aged 20 to 39 years old. Unemployment affects 4% of the UK population. With a rate of 5.3%, unemployment in this area is slightly higher than the national average. The labour force amounts to 153,400 people, making up 74.7% of the population. The average annual salary across the UK is just over £30,500. With a gross income averaging £23,823, residents of Sandwell have a lower salary than the national average.

Why the High Street Shops sector might be a good option for you

Across the UK, there are 19 franchises in the High Street Shops sector. The High Street Shops sector is part of the Retail sector, which also offers two Cosmetic franchises, three Fashion franchises, four Printing franchises, 19 Retail franchises and two Greeting Card franchises. The right business to suit your career goals and aspirations might just be among them.

Three franchises that might interest you

The High Street Shops sector has many franchise opportunities available, such as Promedica24. The brand is expanding, with 100 outlets currently in operation, and a desire to expand further. You will need to invest £40,000 to open your own Promedica24 business. At least £1,000 of this reasonable amount should come from your own personal investment. These relatively low startup costs make it a good option to pursue for first-time franchisees. By investing in this franchise, you may qualify for financial assistance.

Another option worth considering is Cash Converters, a company that has been in business since 1984. Cash Converters now offers its expertise to a loyal customer base, built up over 36 years. By joining its network of 200 franchisees, you would become a part of a well-established business community. You will need an initial investment of £100,000 to open your own Cash Converters business. Your personal investment should account for at least £39,000 of the total amount. You may want to consider getting a loan to open a business in this sector. 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 operating since 1997. Card Group has proved itself to be a successful business and leader in the field in its 23 years since opening. The brand has developed over time and now operates in 1,500 different locations. Opening a Card Group business requires an initial investment of £60,000. If you plan on getting a loan to cover the startup costs, Card Group asks for a personal investment of at least £40,000. For most franchises, this amount represents 30 to 50% of the total investment. 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 established brand, you could qualify for financial aid. Visit our website for details.

If you would like to take a look at more franchising options in the High Street Shops sector, we currently have 19 available opportunities. Whether you've already made the decision to invest or are still weighing your options, it's worth exploring different sectors. At Point Franchise, we have a total of close to 250 franchising opportunities to help you find the perfect fit.

This text was automatically generated in partnership with LabSense, using data provided by NOMIS and the ONS.