Retail Franchise opportunities to start in Solihull
What can Solihull offer to new businesses?
You could start your own business by becoming a franchisee in Solihull. There are a number of franchise options to choose from in Solihull, located in the West Midlands. Take a look at our selection of brands and start running your own business with a team behind you. Exploring our range of brands and sectors will allow you to pinpoint the type of business that is right for you.
Solihull has an estimated population of 215,000 people. Residents aged 40 to 59 years old have the highest concentration in the population. The economically active population in Solihull amounts to 101,800 people, with an unemployment rate of 3.9%. This rate is in line with the national average. The average gross income in the UK is £30,629. Residents of Solihull earn £36,450 a year on average.
Why start a franchise in the High Street Shops sector?
There are 19 UK-based franchises available in the High Street Shops sector. Bear in mind that the Retail sector offers many investment opportunities in addition to those in the High Street Shops sector. Have a browse through our two Cosmetic franchise, 19 Retail franchises, two Greeting Card franchises, two Music Shop franchises and four Printing franchises to see if any suit your career goals and aspirations.
Three examples of available franchise business possibilities
The High Street Shops sector has many franchise options available, such as Cash Generator, which opened in 1997. The brand has acquired valuable experience and expertise over the past 23 years. The brand's network is important, counting 700 locations across the United Kingdom. To open your own Cash Generator franchise, you will need to invest £240,000, of which at least £80,000 should be your own personal investment. You could apply for a loan to help cover the remaining startup costs. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources.
BoConcept is another successful business that has been operating in the High Street Shops sector since 1993. BoConcept now has over 27 years of experience under its belt. The brand operates in 250 franchise locations which make up a well-established business community. Starting a BoConcept business requires a significant initial investment of £500,000. At least £100,000 should come from your own personal investment. Due to the higher startup costs, this option is not advisable for first-time franchisees.
As a final High Street Shops franchise option, check out Mail Boxes Etc. The brand has grown over time and now operates in 1,600 different locations. 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 it a good option to pursue for first-time franchisees. If you can't cover the startup costs on your own, you may be eligible for financial assistance. See eligibility details on our website.
Many businesses are already operating in the High Street Shops sector. We currently have 19 franchise opportunities available in the sector. If you are still not sure which sector best suits your needs, have a look through our selection of 236 new business investment opportunities across different sectors on Point Franchise.
NOMIS and the ONS provided the data shown on this page. This text was automatically generated by LabSense.
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