Retail Franchise opportunities to start in Coventry
Coventry is an attractive town to invest in
Franchising is a great way to start your own business, while benefitting from the comprehensive support of an established brand. Check out our selection of brands in Coventry, located in the Coventry area in the West Midlands, where many businesses are currently recruiting. Browsing our range of brands and sectors will allow you to pinpoint the type of business that is right for you.
Recent figures show that Coventry has a population of 367,000 residents. When broken down by age group, the majority of the population falls within the 20-39 category. The labour force makes up 77.2% of the population, or approximately 189,500 people. The region has an unemployment rate of 5.4% which is slightly higher than the UK average of 4%. Residents of Coventry have an annual average income of £27,799. In comparison, the average gross salary in the UK is close to £31,000.
Why choose to work in the High Street Shops sector?
If you wish to operate a High Street Shops franchise, you are likely to find one that appeals to you among 19 available across the United Kingdom. The High Street Shops sector is just one sector among many in the Retail sector. Its three Craft franchises, four Printing franchises, three Toy Store franchises, two Cosmetic franchises and four Tool franchises are also worth considering. Let our selection of brands be your guide to starting your next exciting business venture.
Want to know more? Read about these three brands
If you'd like to run your own High Street Shops business, Schmidt could be a great option for you. By joining its network of 28 franchisees, you could play a part in this brand's success. To start your business, you will need an initial investment of £350,000. If you intend to get a loan to cover the costs of opening a franchise, a personal investment of 30 to 50% of the total amount will usually be required. For Schmidt, the minimum personal investment is £80,000. Due to the higher startup costs, this option is not recommended for first-time franchisees. You will also need to invest in a small premises to operate this business. If eligible, you might be able to benefit from financial aid.
Another option worth considering is Ecigwizard, a company that has been in business since 2011. The brand is growing quickly, with 45 locations currently in operation, and a desire to expand further. An initial investment of £60,000 will enable you to open your own Ecigwizard business. In most cases, your personal investment should represent 30 to 50% of the total amount. Ecigwizard requires you to personally invest at least £40,000. You could potentially get a loan to cover the remaining costs. Given these higher startup costs, this opportunity is less suitable for first-time franchisees. Financial assistance is available for eligible franchisees.
Finally, Card Group, open since 1997, is another interesting option. Franchisees benefit from this brand's wide network, which operates across 1,500 franchise locations. Card Group has acquired valuable experience in the field in its 23 years since first opening. You will need to invest £60,000 to start operating your own Card Group business. Your personal investment should account for at least £40,000 of the total amount. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources. If you can't afford the startup costs on your own, you may be eligible for financial aid. See our website for more information.
If you are interested in the High Street Shops sector and would like to discover more franchising opportunities, take a look at the 19 brands available in this sector. But you also have plenty of investment possibilities in other sectors as well, including more than 232 franchising opportunities available on Point Franchise.
Data on this page was collected from NOMIS and the ONS. This content was machine-generated in partnership with LabSense.