Retail Franchise opportunities to start in Plymouth
Plymouth is waiting for you to start a franchise business
Located in the South West, Plymouth is an area with business opportunities on the rise. If working as your own boss with a team behind you sounds appealing, have a look at our franchising opportunities in Plymouth and take the first step towards managing your own business. By browsing the sectors that appeal to you the most, you will find the brands that best suit your interests and career goals.
The population of Plymouth is 263,000. The majority of residents are aged 20 to 39 years old. Unemployment in the area (4.6%) is high compared to the United Kingdom as a whole (4%). The labour force represents 77.6% of the local population, or 129,300 people. The annual salary in the UK is £30,629 on average. The people of Plymouth earn an average annual salary of £24,371, lower than the national average.
Have you considered the High Street Shops sector?
In the UK, there are 19 franchises recruiting in the High Street Shops sector. In fact, the Retail sector as a whole offers a wide range of franchises to invest in, including four Sweet Shop franchises, three Fashion franchises, four Printing franchises, 19 Retail franchises and three Toy Store franchises. Explore our available brands to find a potential match.
Here are three examples of franchise businesses
Schmidt is a competitive franchise operating in the High Street Shops sector. By joining its 28 franchises already in operation, you could contribute to this company's expansion. A total of £350,000, a substantial initial investment, is required to open a Schmidt franchise. You might want to consider getting a loan to cover the startup costs, in which case at least £80,000 of the total investment should come from your personal funds. 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 small premises to operate this business. When investing in this franchise, you could be eligible for financial aid.
Take a look at Zip Yard.
Lastly, Ecigwizard, open since 2011, is another interesting option. This brand is developing quickly, counting 45 outlets across the country. An initial investment of £60,000 will enable you to start 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. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources. You may qualify for financial assistance. Visit our website for more information.
The High Street Shops sector offers many interesting investment opportunities, including our 19 franchise options. Point Franchise currently has a total of 236 brands recruiting franchisees across a variety of sectors. Have a browse to see which other sectors you might want to invest in.
This text was automatically generated in partnership with LabSense, using data collected from NOMIS and the ONS.