Retail Franchise opportunities to start in Winchester
Is Winchester a good place to become a franchisee?
If you want to start your own business, you may find that Winchester has a lot to offer. Many companies are currently looking for franchisees in the Winchester area. Keep reading to see if running a franchise could be a good option for you! Deciding which sector you'd like to work in will lead you to the businesses that best suit your needs and career objectives.
According to recent census data, 124,000 people live in Winchester. The 40-59 age group is the most represented within the population. The economically active population in Winchester amounts to 55,200 people, with an unemployment rate of 4.2%. This rate is in line with the national average. Winchester has an average annual salary of £35,346, which is higher than the national average income of £30,629.
Running a High Street Shops franchise business
There are currently 19 opportunities to invest in the High Street Shops sector. If you would like to operate a business in this field, keep reading. The High Street Shops sector is part of the Retail industry which offers a wide range of interesting options. These include two Music Shop franchises, four Sweet Shop franchises, three E Cigarette franchises, four Printing franchises and three Toy Store franchises. See if any catch your eye. If you are considering joining the Retail industry, you may be interested to know that 9,000 people have already made the decision to work in this sector in the Winchester area.
Want to know more? Read about these three brands
If you plan to invest in the High Street Shops sector, Veeno could be a good option. By joining its current eight franchisees, you would become a part of a growing brand network. Opening a Veeno franchise will require you to invest a minimum of £80,000. At least £35,000 of this should come from your own personal investment. Given these higher startup costs, this is an opportunity best suited for most established franchisees with greater access to financial resources. You will also need to invest in a large premises to operate this business. If you can't cover the startup costs on your own, you may qualify for financial assistance.
Another possibility to consider is CAVAVIN. The brand's network is significant, counting 160 outlets in the United Kingdom. This business requires a substantial initial investment of £100,000. If you plan on getting 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 start a CAVAVIN business is £40,000. Given these higher startup costs, this opportunity is less suitable for first-time franchisees. A large premises will also be required to operate this business. Also, if you can't afford the startup costs alone, you may be entitled to financial aid.
Finally, another option worth considering is Ecigwizard, a company that opened in 2011. By joining its 45 franchises already in operation, you could contribute to this brand's rapid expansion. You will need to invest £60,000 to open your own Ecigwizard business. At least £40,000 of this should come from your own personal investment. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources. If you make the decision to invest in this franchise, financial aid is available, providing you meet the eligibility criteria. Visit our website for details.
If you are thinking about running a franchise business in the High Street Shops sector, you might be interested to browse our 19 available brands. Plus, with almost 250 alternative franchising options available in different sectors, Point Franchise offers plenty of choice to find the right brand for you.
This page contains machine-generated content provided by LabSense, using data collected from NOMIS and the ONS.