Retail Franchise opportunities to start in Sutton Coldfield
What can Sutton Coldfield offer to new businesses?
If you're thinking about running your own business in Sutton Coldfield, located in the West Midlands, you should look at franchising options. Several brands are currently recruiting in the Birmingham area. As a franchisee you could manage your own business while benefitting from comprehensive support. Keep reading to find out if this could be for you. If you already know which line of work you'd like to pursue, explore our franchise opportunities in that sector. If not, have a look and see what other options catch your eye. We have businesses to suit many different interests and career goals.
According to recent census data, there are 1,141,000 people living in Birmingham. The most represented age group is 20-39 years old. Birmingham has an unemployment rate of 8.8% within its labour force of 522,400 people. This rate is high compared to the national average. The local income averages £26,786 per year, which is slightly lower than the £30,629 average income in the United Kingdom as a whole.
Does the High Street Shops sector appeal to you?
In the UK, you will find 19 franchises recruiting in the High Street Shops sector. The Retail industry offers a variety of options in addition to those in the High Street Shops sector. These include three Craft franchises, three Toy Store franchises, four Sweet Shop franchises, four Printing franchises and two Music Shop franchises. Take a look at the brands available to see which could be your perfect match. If you would like to work in the Retail industry, it may interest you to know that, in the Birmingham area, 45,000 people currently work in the industry.
Check out these three business examples
Mail Boxes Etc. Operates in the High Street Shops sector. With a vast network of 1,600 locations, the brand knows how to support its franchisees. Starting a Mail Boxes Etc. franchise will require you to invest a minimum of £60,000. At least £25,000 of this should come from your own personal investment. These low startup costs make this a good franchising option for first-time franchisees. You may be eligible for financial assistance.
Tubz Vending is an interesting franchise option in the High Street Shops sector. The brand's network is significant, counting 300 outlets across the United Kingdom. You will need an initial investment of £3,295 to open your own Tubz Vending business. Given these low startup costs, this option could be suitable for first-time franchisees. A small premises will also be required to operate this business. When investing in this franchise, you could qualify for financial aid.
Finally, another option to consider is Card Group, a brand that first opened in 1997. The company is now mature and a leader within the sector, having expanded its franchise community for 23 years. Franchisees benefit from this brand's wide network, which operates across 1,500 franchise 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 open 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. Also, if you can't cover the startup costs alone, you may be able to benefit from financial aid. Visit our website for more information.
Eager to read more about business opportunities in the High Street Shops sector? Have a look at our 19 available options. On Point Franchise, there is plenty of choice in other sectors too. We have 236 franchising opportunities in total to choose from.
This page contains machine-generated content provided by LabSense, using data collected from NOMIS and the ONS.