Retail Franchise opportunities to start in Sheffield
Starting a new business in Sheffield
Would you like to run your own business? Sheffield, located in the South West, could be a good place to start. There are many brands currently recruiting franchisees in the Cornwall area. Franchising gives you the opportunity to run your own business while benefitting from the support of an established brand. If you already know which line of work you'd like to pursue, explore our franchise options in that sector. If not, look around and see what other options catch your eye. We have businesses to suit all kinds of interests and career goals.
There are approximately 566,000 people currently living in Cornwall. The 60+ age group is the most represented within the population. The area has a 3.3% unemployment rate, which is lower than the national average of 4%. Overall, the region's economically active population consists of 261,600 people or 80.0% of the total population. The average annual salary across the UK is just over £30,500. With a gross income averaging £23,266, residents of Cornwall have a lower salary than the national average.
Have you considered the High Street Shops sector?
Across the United Kingdom, you will find 19 franchises operating in the High Street Shops sector. There are also four Printing franchises, four Sweet Shop franchises, two Greeting Card franchises, two Cosmetic franchises and two Music Shop franchises recruiting franchisees in the Retail sector, alongside the High Street Shops options. Have a browse to see whether any fit your career goals and aspirations. In Cornwall, the Retail industry already provides work for nearly 25,000 people, potentially making this path an ideal one for you, too!
Three franchise business examples
If working in the High Street Shops sector appeals to you, have a look at Santos. The brand has a strong network and good visibility, operating in 260 franchise outlets. A total of £300,000, a substantial initial investment, is required to start a Santos franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £100,000 of the total investment should come from your personal funds. Given these higher startup costs, this opportunity is less suitable for first-time franchisees. A small premises will also be required to operate this business. When investing in this franchise, you could be eligible for financial assistance.
Another option to consider is CAVAVIN. The brand's network is significant, counting 160 locations in the United Kingdom. You will need an initial investment of £100,000 to open your own CAVAVIN business. Your personal investment should account for at least £40,000 of the total amount. You may want to think about getting a loan to open a business in this sector. 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. Eligible candidates may apply for financial aid. See our website for details.
Lastly, Cash Converters, open since 1984, is another interesting option. The brand operates in 200 franchise locations which make up a well-established business network. Cash Converters has acquired substantial customer loyalty over its 36 years in business. A substantial initial investment of £100,000 will enable you to open your own Cash Converters business. In most cases, your personal investment should represent 30 to 50% of the total amount. Cash Converters requires you to personally invest at least £39,000. You could potentially get a loan to cover the remaining costs. Due to the higher startup costs, this option is not advisable for first-time franchisees.
There are currently 19 available franchise options in the High Street Shops sector. Check out these brands to find out if there's a good fit for you. At Point Franchise, we are proud to offer 236 franchise options across different sectors, helping you find the perfect business opportunities for you.
NOMIS and the ONS provided the data shown on this page. This text was automatically generated by LabSense.