Retail Franchise opportunities to start in Southampton

What to consider when opening a business in Southampton

If you're considering running your own business in Southampton, located in South East England, you should explore franchising options. Several brands are currently recruiting in the Southampton area. As a franchisee you could run your own business while benefitting from comprehensive support. Keep reading to see if this could be for you. There are a variety of franchising options available based on your budget and career goals. Have a look to find the brand that appeals to you most.

A recent census found that 253,000 people live in Southampton. The most represented age range is 20-39 years old. In terms of employment, the region has a labour force of 138,000 people (79.5%), of which the unemployment rate is 5.7%. This figure is slightly higher than the average unemployment rate in the United Kingdom. In the United Kingdom, the average gross salary is just over £30,500; in the Southampton area, it is £26,049.

What High Street Shops could offer you

Across the United Kingdom, there are 19 franchises operating in the High Street Shops sector. The High Street Shops sector is a part of the Retail sector. Other brands recruiting in this industry include four Sweet Shop franchises, 19 Retail franchises, two Music Shop franchises, four Tool franchises and three Toy Store franchises. Among these new business investment opportunities, there will likely be one that fits your career goals and aspirations.

Take a look at three franchise business examples

If you are interested in running a business in the High Street Shops sector, read about Nicholas Humphreys Estate Agent, a company operating since 1999. Nicholas Humphreys Estate Agent now has over 21 years of experience under its belt. There are 28 outlets open so far, and the network is expanding. You will need an initial investment of £31,200 to start your own Nicholas Humphreys Estate Agent business. Your personal investment should account for at least £9,360 of the total amount. You may want to think about getting a loan to open a business in this sector. Given these low startup costs, this opportunity is suitable for both first-time investors and established franchisees. By investing in this established brand, you can benefit from access to expert training and support and could even qualify for financial assistance.

Ecigwizard is another competitive brand operating in the High Street Shops sector. The first franchise launched in 2011. 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 an Ecigwizard business is £40,000. It is thus less appropriate for new investors. You may feel more secure in starting an Ecigwizard franchise knowing that franchisees are provided with full training, assistance and support.

Lastly, another brand worth considering is Tubz Vending. The brand operates in 300 franchise locations which make up a strong business network. To open your own Tubz Vending business, you will need an initial investment of £3,295. 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. When investing in this franchise, you could be eligible for financial aid. See eligibility details on our website.

We offer a total of 19 businesses in the High Street Shops sector. If you're interested, see if the right investment opportunity for you is among them. But you also have plenty of investment possibilities in other sectors as well, including more than 232 franchising opportunities available on Point Franchise.

NOMIS and the ONS provided the data shown on this page. This text was automatically generated by LabSense.