Retail Franchise opportunities to start in Salford
What can Salford offer to new businesses?
If you'd like to open your own business but don't know where to start, a franchise might just be the solution. Salford, situated in the East of England, could be a good place to start as there are many businesses currently recruiting franchisees in the Central Bedfordshire area. If you already know which line of work you'd like to pursue, check out our franchise opportunities in that sector. If not, look around and see what other options catch your eye. We have brands to suit all kinds of interests and career goals.
According to recent census data, there are 284,000 people living in Central Bedfordshire. The 40-59 age group makes up the majority of the population. Unemployment affects 4% of the UK population. With a rate of 1.1%, unemployment in this area is significantly lower than the national average. The economically active population amounts to 146,700 people, representing 81.8% of the population. For the Central Bedfordshire area, the average income is £33,508, which is higher than the national average salary of close to £31,000.
The High Street Shops sector: An interesting opportunity for franchisees
There are 19 brands currently looking for franchisees in the High Street Shops sector. If this sector appeals to you, check them out. The High Street Shops sector is just one example of the options available in the Retail sector. Other options include four Sweet Shop franchises, three Toy Store franchises, three Fashion franchises, two Music Shop franchises and 19 Retail franchises. Have a look, the perfect business opportunity for you could be a few clicks away.
Have a look at three franchise business examples
Tubz Vending is a competitive franchise operating in the High Street Shops sector. The brand's network is important, counting 300 locations in the United Kingdom. You will need an initial investment of £3,295 to start your own Tubz Vending business. Given these low startup costs, this opportunity is suitable for both first-time investors and established franchisees. You will also need to invest in a small premises to operate this business. If you can't afford the startup costs on your own, you may qualify for financial aid.
Have a look at Cash Converters. Launched in 1984, Cash Converters has grown a dedicated following since opening 36 years ago. The brand benefits from a strong network and good visibility, running in 200 franchise outlets. Opening a Cash Converters business requires a significant initial investment of £100,000. At least £39,000 should come from your own personal investment. Due to the higher startup costs, this option is not recommended for first-time franchisees.
Lastly, another option worth considering is CAVAVIN. The brand operates in 160 franchise locations which make up a well-established business community. In order to start a CAVAVIN business, a significant initial investment of £100,000 is required. If you plan on getting a loan to cover the startup costs, you will typically need to cover 30 to 50% of the total investment yourself. CAVAVIN asks for a personal investment of at least £40,000. It is thus less appropriate for new investors. You will also need to invest in a large premises to operate this business. By investing in this franchise, you may qualify for financial support. Visit our website for more information.
Many businesses are already operating in the High Street Shops sector. We currently have 19 franchise opportunities available in the sector. On Point Franchise, there is plenty of choice in other sectors too. We have 236 new business investment opportunities in total to choose from.
NOMIS and the ONS provided the data shown on this page. This text was automatically generated by LabSense.